The project to invest in construction and business of infrastructure of Phung Hiep Industrial Park, Thuong Tin has a total investment of up to 2,938 billion VND.

Recently, the Hanoi People's Committee held a ceremony to announce the investment policy decision and grant the investment registration certificate for the project "Investment in construction and business of infrastructure of Phung Hiep Industrial Park, Thuong Tin District". The project is invested by Hoa Phu Invest Company Limited with a total investment of 2,938 billion VND.

Leaders of the Hanoi Industrial and Export Processing Zones Management Board presented the investment registration decision and certificate to Hoa Phu Invest Company Limited. (Photo: Pham Linh)

At the ceremony, representatives of the Hanoi Industrial and Export Processing Zones Management Board announced Decision No. 445/QD-TTg of the Prime Minister approving the project "Investment in construction and business of infrastructure of Phung Hiep Industrial Park, Thuong Tin District".

The project is invested by Hoa Phu Invest Company Limited, with a land use scale of 174.88 hectares. The planned area of Ngoc Hoi - Phu Xuyen route and the area of Phung Hiep canal in the project implementation area remain in their current state, not included in the land use structure of the project and not assigned to the investor.

The project “Investment in construction and business of infrastructure of Phung Hiep Industrial Park, Thuong Tin District” has a total investment of 2,938 billion VND, of which the investor’s capital contribution is 441 billion VND. The project’s operation period is 50 years from the date the project is approved for investment policy.

The project implementation location is in the communes of To Hieu, Nghiem Xuyen, Thang Loi, Dung Tien (Thuong Tin district). Project implementation progress: No more than 36 months from the date of land allocation or land lease by the State.

To implement the project in accordance with Decision No. 445/D-TTg of the Prime Minister, Hoa Phu Invest Company Limited commits to mobilize sufficient capital sources, use owner's capital as committed to implement the project; comply with the provisions of the law on land, and closely coordinate with the People's Committee of Thuong Tin district in site clearance and construction, and soon put the project into operation.

Congratulating the investor Hoa Phu Invest Company Limited, Vice Chairman of Hanoi People's Committee Nguyen Manh Quyen emphasized that developing industrial zones and clusters is a major policy of Hanoi, receiving great attention and close direction from the City; so far, many positive results have been achieved.

Regarding the Phung Hiep Industrial Park project, Vice Chairman of the Hanoi People's Committee Nguyen Manh Quyen said that completing investment procedures is very difficult. The following steps will require more focus and effort. Therefore, investors, local authorities as well as departments and branches must all get involved and coordinate more closely to put the project into operation soon.

Source: https://baoquocte.vn/du-an-dau-tu-xay-dung-va-kinh-doanh-ket-cau-ha-tang-kcn-phung-hiep-thuong-tin-co-tong-muc-dau-tu-toi-2938-ty-dong-276425.html