Business

Big investment in Quang Tri’s south-east economic zone

The south-east economic zone in the central province of Quang Tri has been drawing a large number of domestic and foreign investors, with capital amounting to tens of trillions of dong.
Big investment in Quang Tri’s south-east economic zone ảnh 1A corner of Quang Tri province (Photo: VNA)

Quang Tri (VNA) – The south-easteconomic zone in the central province of Quang Tri has been drawing a largenumber of domestic and foreign investors, with capital amounting to tens oftrillions of dong.

Covering nearly 24,000ha, the zone spreadsacross 17 coastal communes and towns in Hai Lang, Trieu Phong and Gio Linhdistricts, driving development in the locality, central region and East-Westeconomic corridor.

In 2019, two projects worth a total 69 trillionVND (2.97 billion USD) will be carried out in the zone. 

They are Quang Tri 1 thermal power plant worth some55 trillion VND invested by Electricity Generating Authority of Thailand (EGAT)International Company Limited and My Thuy Port by My Thuy International PortJoint Venture Company.

Construction on the first project will begin inJune with a designed capacity of 1,320MW. This is one of the biggest investmentprojects in Quang Tri so far.

Meanwhile, work on the My Thuy Port will commencein Hai An commune, Hai Lang district, in September. It covers 685ha with 10wharves able to receive ships of 100,000 tonnes.

The south-east economic zone is preparing towelcome other big projects such as Quang Tri 2 thermal power plant invested bythe Republic of Korea’s Western Power Co. Ltd. and a gas-fuelled power plant byRussia’s Gazprom company.

Investors that have capabilities in capital andtechnology from Singapore and Japan are also promoting investment in infrastructure,seaports and energy.-VN
VNA
#investment #south-east economic zone #foreign investors #East-West economic corridor #seaports #energy #Vietnamplus #Vietnam News Agency Quang Tri
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