On July 29, the leader of the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks said that the Management Board had issued a decision approving the investment policy and at the same time approving the investor for the Hoa Phat Dung Quat Railway and Special Steel Railway Railway Railway Manufacturing Project.
Accordingly, the Hoa Phat Dung Quat Railway and Special Steel Railway Railway Production Project was approved by the Management Board as the investor, Hoa Phat Dung Quat Special Steel and Ray Joint Stock Company.
The leader of the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks said that project implementation is necessary in the face of urgent market needs, along with the Government's orientation to promote domestic industry and supporting services to participate deeply in the process of building and operating national key projects.
Based on the inheritance of achievements and experience in the field of iron and steel production, in the 2025-2030 period, Hoa Phat aims to focus on deep processing, producing high-quality steel products, ensuring both quantity and quality to serve domestic and export demand. In particular, priority is given to the production of high-speed railway steel to meet the Government's expectations.
The project has an area of 14.79 hectares, with a designed capacity of 700,000 tons/year. The operating period is 50 years, with a total investment capital of VND 10,000 billion, of which the investor's capital is VND 3,800 billion, the rest will be mobilized. The project is located in the Eastern Industrial Park, Dung Quat Economic Zone, in Van Tuong commune, Quang Ngai province.
The Management Board's leaders also emphasized that when put into operation, the project will promptly meet the demand for railway rails for key national projects in the coming time such as: the North-South high-speed railway project, the Hanoi - Lao Cai - Hai Phong urban railway system and many other important projects.
