Recently, the People’s Committee of Hue City has issued a Decision approving the investment policy for the project “Investment in Construction and Business of Infrastructure in La Son Industrial Zone, Area No. 01.”
Accordingly, the project covers an area of approximately 467.2 hectares (actual area as per the land lease contract), as part of the detailed planning for the construction of La Son Industrial Zone in Hung Loc and Loc An communes, Hue City.
The architectural scale must comply with the indicators outlined in the approved detailed planning for La Son Industrial Zone.
Illustrative image
The project aims to construct and operate the infrastructure of the industrial zone. The investor will be selected through a bidding process in accordance with the provisions of the Law on Bidding.
The total investment is estimated at approximately 3,075 billion VND (equivalent to 123 million USD). Of this, the investor’s minimum equity contribution is 15% of the total investment, with the remaining 85% to be mobilized.
Regarding capital contribution, at the time of submitting the investment registration dossier, the investor must prove ownership of at least 15% of the total project investment. The capital mobilization schedule is expected to align with the project implementation timeline.
Preliminary estimates indicate total project costs of approximately 2,542 billion VND, with compensation, support, and resettlement costs (provisional) amounting to around 533 billion VND.
The project’s operational period is 50 years from the date of land lease by the State. The construction and commissioning timeline must not exceed 5 years from the date of land lease and handover.
The Decision also stipulates that the investor is responsible for implementing the project in accordance with the approved investment policy and legal regulations. The investor is accountable under the law for the legality, accuracy, and truthfulness of the submitted documents and records.
Additionally, the investor must comply with Vietnamese laws on investment, planning, construction, land, environmental protection, forestry, water resources, fire prevention, real estate business, labor safety, and other relevant legal provisions.
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