Creating incentives to attract investment.

Quang Ngai province's investment of 350 billion VND to upgrade transportation infrastructure in the Dung Quat Economic Zone is considered a breakthrough, strengthening connectivity to create momentum for attracting investment.

Upgrading transportation infrastructure in Dung Quat Economic Zone: Creating momentum to attract investment.

Quang Ngai province's investment of 350 billion VND to upgrade transportation infrastructure in the Dung Quat Economic Zone is considered a breakthrough, strengthening connectivity to create momentum for attracting investment.

Upgrading several key routes.

According to the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks, the current state of transportation infrastructure in the area, which has been invested in over many years, has seriously deteriorated after a long period of operation. Therefore, allocating investment capital to invest in, renovate, and upgrade existing infrastructure and invest in new projects is essential.

Previously, the Quang Ngai Provincial People's Council approved the investment plan for the project to upgrade and expand the transportation infrastructure system in the Dung Quat Economic Zone with a total investment of 350 billion VND, with the Management Board as the investor, and the implementation period from 2024 to 2027.

According to the leaders of the Dung Quat Economic Zone Management Board and Quang Ngai Industrial Parks, investment in transportation infrastructure projects will focus on key projects that are breakthrough and create a foundation for development.

Several roads in the Dung Quat Economic Zone have deteriorated and need to be repaired and upgraded soon.

Specifically, the project includes upgrading, expanding, and investing in new sections of the Tri Binh – Thien Dang roundabout route (approximately 3.4km long); the Thien Dang roundabout – Chu Lai route (approximately 1.8km long); the route connecting National Highway 1A – Tinh Phong – Binh Tan, phase 1 (approximately 1.5km long); and the Lam Vien – Van Tuong route (new investment in the final section, approximately 1.1km long).

These are landmark transportation projects that enhance connectivity with existing routes.

According to the leaders of the Quang Ngai Provincial People's Committee, the investment in new transportation projects will gradually improve the infrastructure in the Dung Quat Economic Zone and attract investment.

It is known that the project to upgrade transportation infrastructure in the Dung Quat Economic Zone has been allocated a medium-term public investment plan for the period 2022-2025 from the local budget of 100 billion VND by the Quang Ngai Provincial People's Committee. The remaining capital for the project will be further allocated in the province's medium-term public investment plan for the period 2026-2030.

Drivers of investment attraction

The fact that Quang Ngai province has issued a resolution allocating up to 350 billion VND to invest in and upgrade transportation infrastructure in the Dung Quat Economic Zone shows that the province is gradually concretizing the general planning for the construction of the Dung Quat Economic Zone until 2045, which was approved by the Prime Minister .

Quang Ngai province is investing 350 billion VND to upgrade transportation infrastructure in the Dung Quat Economic Zone, creating favorable conditions to attract investment.

According to the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks, although the project has been approved by the investor, it is planned to be submitted to the competent authority for capital allocation to commence construction in 2025 as per the assigned medium-term plan. However, currently, the project has only been assigned a medium-term plan but has not yet received investment approval from the competent authority, thus only meeting one of the two conditions for capital allocation as stipulated in Article 53 of the 2019 Law on Public Investment.

To qualify for submission to the competent authority for capital allocation in 2025, the Management Board recommends that the Provincial People's Committee consider and approve the project investment to ensure that the conditions for capital allocation in 2025 are met as stipulated.

According to Tran Phuoc Hien, Vice Chairman of the Quang Ngai Provincial People's Committee, the project to upgrade and expand the transportation infrastructure system in the Dung Quat Economic Zone is of great importance, aiming to gradually complete the infrastructure system of transportation routes and technical infrastructure according to the plan, ensuring smooth connectivity within the Dung Quat Economic Zone and surrounding areas.

“Once completed, it will promptly meet the needs for transporting goods, supplies, materials, and supporting the production and business activities of enterprises in the area. It will create favorable conditions for attracting investment, developing socio-economic activities, and ensuring national defense and security, as well as traffic safety for people in the region,” the Vice Chairman of the Quang Ngai Provincial People's Committee emphasized.

The Vice Chairman of the Quang Ngai Provincial People's Committee instructed the Management Board of Dung Quat Economic Zone and Industrial Parks of the province, in its role as the investor, to actively coordinate with relevant departments, agencies, and localities to review and focus on investing in the construction of essential projects in order of priority.

At the same time, focus on land clearance work to avoid affecting the project's implementation progress. Ensure resources are available to complete the project on time and to the required quality standards.

Source: https://baodautu.vn/nang-cap-ha-tang-giao-thong-khu-kinh-te-dung-quat-tao-dong-luc-thu-hut-dau-tu-d230779.html