BB Group to invest $5 billion into project cluster in Quang Tri
BB Group to invest $5 billion into project cluster in Quang Tri
BB Group JSC has proposed investing in a 170 ha gas industry centre and 305 ha general port in Quang Tri Province.
According to the provincial committee, Chairman Vo Van Hung held a meeting recently with BB Group, a real estate group of Bitexco, to hear their proposed investment projects in the southeastern economic zone of the province.
BB Group’s investment projects will include the BBG Quang Tri gas treatment plant, an LNG production plant, onshore gas depots and a floating gas storage unit with an estimated total investment of about US$4 billion to $5 billion over two different phases, from 2022-2025 and 2025-2030.
BB Group also proposed the BBG Quang Tri general port project, which is planned to receive a series of ships, containers and bulk cargoes up to 100,000 DWT and liquid cargo ships with a tonnage of up to 180,000 DWT, at an estimated total investment of VND10 trillion ($434 million) from 2022 to 2025.
The firm would like the province to approve the project locations so that it can approve the investment policy in accordance with the law. Quang Tri Province’s leader asked relevant agencies to study and arrange the suitable sites for the projects, telling them to create favourable conditions for BB Group to ensure the planning for project implementation.
Chairman Vo Van Hung said: "Our point is to create favourable conditions for BB Group to invest in the province."
