Central province eyes $5 million mechanical engineering plant
Central province eyes $5 million mechanical engineering plant
The Quang Tri Province People's Committee has granted approval in principle for the province-based No 1 Trade Ltd Co to develop a mechanical engineering plant in the locality.
The plant, expected to cost more than VND115 billion (US$5 million), will p an area of nearly 37,000sq.m in Nam Dong Ha Industrial Zone, online newspaper baodautu.vn reported.
It is slated for completion by the end of this year, providing 7,000 tonnes of products annually.
The central province plans to carry out 30 large-scale projects with total investment of about VND100 trillion by year-end.
One of the largest projects is the My Thuy Port in Dong Nam Economic Zone (EZ) in Hai An Commune, costing over VND14 trillion. The 685ha port, invested in by My Thuy International Port Joint Venture Co, will be home to 10 wharves capable of receiving vessels up to 100,000 tonnes.
Chairman of the committee Nguyen Duc Chinh said this project is important for local development. The investor is co-ordinating with partners to arrange capital and complete all necessary investment procedures so as to kick-start the project in September this year.
Another major project is the Quang Tri 1 thermal power plant, invested by the Electricity Generating Authority of Thailand. Located in Dong Nam EZ, the project is expected to begin in June with total investment of over VND55 trillion. It is designed with a total capacity of 1,320MW with the first turbine scheduled to begin operation at the end of 2023.
