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Bac Giang province hands over investment registration certificate to build expanded Yen Lu industrial park (first phase)

Updated: 17:41, 03/08/2024

BAC GIANG - On the afternoon of August 2, the People's Committee of Bac Giang province held a conference to hand over the investment registration certificate to Western Pacific Investment Joint Stock Company to implement the project "Investment, construction and trading of infrastructure of expanded Yen Lu Industrial Park (first phase) (Project). Vice Chairman of the Provincial People's Committee Phan The Tuan chaired the event. 

The Project is implemented in Yen Lu commune of Yen Dung district with a land use scale of 119.83 hectares. Total investment capital is more than 1,543 billion VND (nearly 65.5 million USD), including over 308 billion VND from the investor and the remaining amount from mobilized capital. The project's operating term is 50 years from the date of approval for the investment policy.

The PPC Vice Chairman Phan The Tuan concludes the meeting.

The Project is implemented in 2 phases. Phase 1 will be executed on 70 hectares. Within 6 months from the date of issuance of the investment registration certificate, this project needs to complete administrative procedures on investment, construction, environment and site clearance compensation.

The investor must build industrial park technical infrastructure within 12 months from the date of land allocation and lease by the State. Phase 2 will be started in 2026 on an area of ​​49.83 hectares.

The investor speaks at the conference.

After receiving the certificate, the investor representative pledged to actively coordinate with localities and relevant agencies to speed up the progress of land compensation, site clearance and early completion of infrastructure to attract secondary businesses.

Speaking at the event, the PPC Vice Chairman Phan The Tuan shared some related results in attracting investment for local industrial development. To date, Bac Giang has 10 established industrial parks, total planning area of ​​2,357 hectares, occupancy rate of more than 67%.

This is a very favorable condition for the province to continue promoting industrial development, maintaining its position as a locality with GRDP scale among the top 15 provinces and cities in the country...

The provincial leader affirmed that Bac Giang province always pays attention, accompanies and actively supports investors to soon complete the Project’s infrastructure construction, thereby helping promote the socio-economic development of the province as well as the success of investors.

The PPC Vice Chairman Phan The Tuan hands over the investment registration certificate to the investor.

He requested departments, sectors and localities, based on their assigned functions and tasks, to urgently develop specific plans and clearly assign focal points to support investors in speeding up the Project progress.

The investor was ordered to proactively grasp the situation, identify tasks; hire consultants, closely follow relevant industries and localities to implement the project as well as invest in constructing the industrial park infrastructure immediately after land handover or land lease...

Minh Linh

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