Ninh Binh Provincial People's Committee has just issued a decision approving the adjustment of the investment policy and also approving the investor of the Xanh Xuan Thien Nghia Hung Steel Plant Project. This is the 3rd time this project has been adjusted.
According to the decision, the project is invested by Xuan Thien Nghia Hung Joint Stock Company, with a planned capacity of 2.5 million tons of steel/year, deployed on an area of 83.93 ha in Nghia Lam commune.
The total investment capital of the project was adjusted to 21,000 billion VND, of which the investor's contributed capital accounted for 15%; borrowed capital and other legally mobilized capital accounted for 85%.
The designed capacity scale, production of finished steel by arc power furnaces and continuous rolling with a capacity of 2.5 million tons/year from raw materials (scrap steel, cast iron, iron-containing products) and natural gas fuel (LNG, LPG, ... ) is imported and purchased domestically. The technologies are used according to G7/European (EU) standards, synchronous equipment, 100% new; ensuring the quality of emissions, wastewater and environment meets current standards and regulations.
Ninh Binh Provincial People's Committee requests the investor to focus on mobilizing sufficient financial resources according to commitments; project implementation is only allowed after completing all procedures on investment, construction, land, and environment in accordance with the law.
At the same time, relevant departments and sectors such as Finance, Construction, Agriculture and Environment, the Management Board of Economic Zones and Industrial Parks and Nghia Lam Commune People's Committee are responsible for closely coordinating in the management and supervision of the project implementation process.
Strengthening supervision is aimed at ensuring that the project is implemented in accordance with legal regulations, on schedule, promoting investment efficiency, contributing to promoting socio-economic development of the province.
