Thework, which is expected to be completed by 2015, will be undertaken bythe Electricity of Vietnam and the Northern Power Corporation, whichsent representatives to the launching ceremony.
The beneficiaries include Quan Lan, Minh Chau, Ban Sen, Ngọc Vung and Thang Loi communes.
Over311 billion VND is poured into the project, of which 100 billion VNDcomes from the provincial budget, 100 billion VND from the Electricityof Vietnam and the rest of 112 billion VND from the Northern PowerCorporation.
Vice Chairman of the provincial People’sCommittee Do Thong said the project boasts immense political, social andeconomical meanings, helping realise the development of the Van DonSpecial Economic Zone in the future.
Van Don was selected by the Vietnamese government to grow into a special administrative and economic zone.
Itis the biggest island in the north of Vietnam and still largelyuntapped. The island has easy access to other economic and politicalcentres in Asia as it is located in a corridor linking China and ASEAN.
A Van Don special administrative and economic zone is seenas the driving force of economic growth in Quang Ninh, contributing tothe locality’s transition of an economy based on agriculture to one oftourism services.
The province outlined preparatory steps.By 2015, it will complete the legal framework, administrative structureand select strategic investors for key projects. From 2016 to 2025, itwill finish the infrastructure system and promote tourism andentertainment projects. And, from 2026 to 2030, the province is tocomplete the zone and make it effectively operational.-VNA