Lang Son Provincial People's Committee has just issued a decision approving the investment policy and at the same time approving the investor to implement the project of Investment in construction and business of Dong Mo Industrial Cluster infrastructure in Chi Lang commune, with a total capital of 460 billion VND.
According to the decision, the project has a planned area of 66.46ha, with the objective of investing in construction and business of industrial cluster infrastructure; business, leasing technical infrastructure, subleasing land use rights that have completed infrastructure and accompanying services such as electricity supply, water supply, wastewater treatment.
The project is implemented by a consortium of two investors including Quynh Giang Co., Ltd. and Phat Dat VN Group Joint Stock Company.
The total investment capital of the project is 460 billion VND, of which owner's equity is 146 billion VND (31.87%), and the remaining 313 billion VND is mobilized capital (68.13%).
The project's operating term is 50 years from the time the investor is decided to lease the land.
According to the progress, the project will complete construction investment and put into operation in the second quarter of 2028.
The formation of Dong Mo Industrial Cluster is expected to create an industrial land fund with synchronous infrastructure in Chi Lang commune, contributing to attracting secondary businesses, promoting economic restructuring, creating jobs and increasing budget revenue for the locality.
According to the decision, relevant departments and agencies are assigned the task of managing and closely supervising the project implementation process; guiding investors to fully implement procedures on land, construction, environment, planning, establishment of industrial clusters and financial obligations.
Chi Lang Commune People's Committee is responsible for coordinating the implementation of site clearance and resettlement, ensuring the rights of affected people; strengthening propaganda and land management in the project area and surrounding areas.
Notably, investors must fulfill the deposit obligation to ensure project implementation within 3 months from the date of investment policy approval decision; if not implemented, they will be subject to termination of operations according to the provisions of the Investment Law.
The approval of the investment policy for Dong Mo Industrial Cluster is considered an important step in the industrial infrastructure development roadmap of Lang Son province in the coming period, towards the goal of improving investment attraction capacity, effectively exploiting land funds and creating a foundation for sustainable development.
