On June 24, information from the People's Committee of Lao Cai province said that the locality has issued a decision approving the investment policy, and at the same time approving the investor to implement the Project to invest in construction and business of infrastructure of Ban Qua Industrial Park, Bat Xat commune.
The selected investor is Lao Cai Industrial Development Investment Joint Stock Company.
The project has a scale of 76.39ha, oriented to be built according to ecological industrial park standards, with a total investment of more than 1,360 billion VND. The project's operating term is 50 years from the date of investment policy approval.
According to the plan, the project will complete infrastructure construction investment in 2027 and officially go into operation from the fourth quarter of 2027. After operation, the industrial park is expected to achieve a occupancy rate of about 10% in 2027, 50% in 2028 and complete occupancy in 2029.
Lao Cai Provincial People's Committee requests the investor to be responsible before the law for the truthfulness and accuracy of the project dossier; fully mobilize capital according to the committed progress, ensure feasibility and implement the project in accordance with the provisions of law on investment, construction, land, environmental protection and related regulations.
At the same time, investors must focus resources on implementing the project in accordance with the objectives and approved progress; fully fulfill financial obligations to the State; and be implemented only within the boundaries and planning approved by competent authorities.
During the construction process, investors must return the affected technical infrastructure works (if any), ensure safety, environmental sanitation, and prevent pollution; strengthen coordination with localities, create consensus among people, limit the occurrence of complaints, and maintain security and order in the area.
The Provincial People's Committee also assigned relevant departments, branches and localities to guide and support investors to implement projects in accordance with regulations.
In which, the Department of Industry and Trade and the Provincial Economic Zone Management Board are responsible for monitoring, supervising, and urging the implementation process to ensure that the project is implemented on schedule and according to the approved objectives.
