Thai Hemaraj to become second foreign IP developer in Nghe An
Thai Hemaraj to become second foreign IP developer in Nghe An
Thai infrastructure developer Hemaraj Land and Development PLC. (Hemaraj) plans to cooperate with Civil Engineering Construction Corp. No. 4 (Cienco 4) to develop two industrial parks (IPs) in the central province of Nghe An, according to newswire Nghean.gov.vn.
Accordingly, the consortium will build the 2,000 hectare WHA Hemajai 1-Nghe An IP in Nghi Loc district and the 1,160 hectare WHA Hemajai 2-Nghe An IP in Dien Chau district. Both locations are in the province’s Dong Nam economic zone.
Within the framework of the working session on May 4, representatives of Hemaraj and provincial leaders discussed the site clearance fee as well as long-term plans over site clearance and investment application procedures.
On the same day, representatives of Hemaraj and Cienco 4 signed an agreement to cooperate to develop the IPs. After the working session, Hemaraj will draw up specific plans regarding the investment capital and implementation schedule. The company will submit the necessary dossiers to the local authorities in July.
Chairman of the Nghe An People’s Committee Nguyen Xuan Duong said that the province would create favourable conditions, especially for speedy site clearance, for the investors to ensure that the project is implemented on schedule.
Hemaraj will become the second foreign infrastructure developer to invest in the province’s IPs, after Vietnam-Singapore Industrial Park Company (VSIP).
Hemaraj acquires land, develops infrastructure, and provides industrial estate utilities, including site grading, roadways, storm drainage, wastewater treatment, electricity substations, and gas pipelines. The company owns eight IPs with a combined area of over 7,000 hectares, including seven locations along Thailand’s vibrant Eastern Seaboard and one in Saraburi province. In addition, it holds numerous factories for rent.
