Van Phong international port (Source :baokhanhhoa.com.vn)Khanh Hoa (VNA) – The central province of Khanh Hoa has increased infrastructural construction in order to boost investment to the locality.
Accordingly, the Management Board of Van Phong Economic Zone in the province announced on February 23 a bidding plan of 20 packages worth nearly one trillion VND (45.4 million USD) for a major transport project, linking National Highway No.1 to Dam Mon, Van Ninh district.
The project is significant to complete infrastructure for the northern part of the zone, designed to create favorable conditions for investment attraction.
The 14km long road will be funded by the State’s budget and is expected to be completed by 2020.
Along with the project, the provincial People’s Council has also approved a road construction plan at the Van Phong international port with an investment of over 292 billion USD (13.3 million USD).
The government has applied several incentive policies for investors operating in the zone, but poor infrastructure has hindered investment progress.
Founded in 2006, the Van Phong Economic Zone covers an area of 150,000 ha. The zone is home to 136 investment projects with a total registered capital of 1.49 billion USD, of which only 623 million USD has so far been disbursed.-VNA
