Business

Thua Thien-Hue: over 88 mln USD for technical infrastructure

Authorities of Thua Thien-Hue province will spend 2 trillion VND (around 88.6 million USD) on technical infrastructure in 2017, towards satisfying local socio-economic development requirements.
Thua Thien-Hue: over 88 mln USD for technical infrastructure ảnh 1The ground-breaking ceremony of Phong Dien-Viglacera IP (Source: VNA)
Thua Thien-Hue (VNA) –Authorities of the central province of Thua Thien-Hue will spend 2 trillion VND(around 88.6 million USD) on technical infrastructure in 2017, towards satisfyinglocal socio-economic development requirements.

The local administration will work with relevant agencies to accelerate theprogress of key investment projects, especially in transport, such as a road toPhu Bai international airport and a route from National Road 1A to Bach MaNational Park.

Water supply and wastewater treatment projects in industrial parks (IP) willcontinue to be implemented, using official development assistance and loansfrom the Asia Development Bank.

Attention will be paid to ensuring the quality of water environment improvementprojects in Hue city, building a power system serving infrastructureconstruction in the Phong Dien-Viglacera IP, investing in developinginfrastructure and social housing for workers in Phu Da and Quang Vinh IPs.

The province now boasts seven IPs with a total area of over 2,700 ha. Thesehave attracted 137 investment projects worth 63 trillion VND (2.73 billion USD),including 92 foreign-invested projects with total registered capital of 2.65billion USD.

In 2016, foreign direct investment firms operating in the locality raked in 650million USD in revenue, up 18 percent year-on-year, contributing 1.5 trillionVND (66.4 million USD) to the local budget and providing jobs for 17,500labourers.

Thua Thien-Hue ranks 25th nationwide in attracting foreigninvestment and is one of the mostattractive destinations for foreign investors in the central region.

Last year, local authorities grantedinvestment licenses to nine new projects and approved capital addition to twoothers.-VNA
VNA
#Thua Thien-Hue #technical infrastructure #socio-economic development Thua Thien-Hue
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