Approval of investment policy for VSIP II Quang Ngai industrial park infrastructure business project

Chấp thuận chủ trương đầu tư dự án kinh doanh kết cấu hạ tầng khu công nghiệp VSIP II Quảng Ngãi- Ảnh 1. — Approval of investment policy for VSIPII Quang Ngai industrial park infrastructure business project (phase 1)

The Prime Minister's Decision clearly states: Approving the investment policy of the project: Investing in construction and business of infrastructure of VSIP II Quang Ngai Industrial Park (phase 1), located in Dung Quat Economic Zone, Quang Ngai Province, and at the same time approving the investor: VSIP Quang Ngai Company Limited.

The project implementation location is in Binh Thanh and Binh Hiep communes, Binh Son district, Quang Ngai province.

The land use scale of the project is 497.7 hectares, including irrigation and traffic works according to the zoning plan for the construction of Binh Thanh industrial, urban and service zones approved in accordance with the provisions of law on irrigation and road traffic.

The total investment capital of the project is 3,737 billion VND, of which the investor's contributed capital is 560.55 billion VND.

The project's operating period is 50 years from the date the project is approved for investment policy and the investor is approved.

The People's Committee of Quang Ngai province is responsible for directing the Management Board of Dung Quat Economic Zone and industrial parks of Quang Ngai province and relevant agencies to guide investors to specify the progress of project implementation, noting that the progress of equity contribution by investors to implement the project must comply with the provisions of the law on land; review and ensure that the project implementation area is suitable for the requirements of protecting and promoting the value of cultural heritage and the conditions prescribed by the law on cultural heritage.

Guide, inspect and supervise investors in implementing the approved zoning plan for the construction of the Binh Thanh urban service industrial park, completing construction procedures in accordance with the provisions of the law on construction; ensuring that the location and area scale of the project are consistent with the project investment policy approved by competent authorities; the land use structure of the project and the environmental safety distance comply with the National Technical Regulations on construction planning and other relevant legal provisions.

Investors are required to report to competent state agencies during project implementation if they discover minerals with higher value than minerals used as common construction materials for settlement in accordance with the provisions of the law on minerals; comply with the provisions of the Law on Irrigation and its implementing guidelines, ensuring that project implementation does not affect the management and operation of the irrigation system and the cultivation capacity of surrounding people; for the area of streams in the project implementation area, research and develop a plan to maintain the current status...

Check and determine whether the investor meets the conditions for land lease by the State and changes the land use purpose at the time of land lease; closely monitor the project implementation progress, the use of equity capital as committed to implement the project and the investor's satisfaction of all conditions as prescribed.

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