Decision No. 577/QD-TTg on the establishment and approval of the investment project for construction and operation of technical infrastructure in Vung Ang I Industrial Park, Ha Tinh Province.

DECISION

Regarding the establishment and approval of the investment project for construction and operation of technical infrastructure in Vung Ang I Industrial Park, Ha Tinh Province Vung Ang I Industrial Park, Ha Tinh Province

_________________ 

PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the Regulations on Industrial Zones, Export Processing Zones, and High-Tech Zones issued together with Decree No. 36/CP dated April 24, 1997 of the Government;

Pursuant to the Investment Management and Construction Regulation issued together with Decree No. 52/1999/NĐ-CP dated July 8, 1999, and Decree No. 12/2000/NĐ-CP dated May 5, 2000 of the Government;

Considering the proposal of the Chairman of the People's Committee of Ha Tinh Province (documents No. 20/TT-UB-CN dated February 22, 2002 and No. 765/CV-UB-CN dated June 3, 2002), the opinion of the Ministry of Finance (document No. 7266/TC-DT dated July 3, 2002) and the review opinion of the Minister of Planning and Investment (documents No. 3751/BKH-VPTD dated June 13, 2002 and No. 4101/BKH-KCN dated July 1, 2002),

DECISION:

Article 1. Establishing Vung Ang I Industrial Park, Ha Tinh Province.

Vung Ang I Industrial Park shall be organized and operated according to the Regulations on Industrial Parks, Export Processing Zones, and High-Tech Zones issued together with Decree No. 36/CP dated April 24, 1997 of the Government.

Article 2. Approving the investment project for construction and operation of technical infrastructure in Vung Ang I Industrial Park, Ha Tinh Province, with the following contents:

1. Project name: Investment project for construction and operation of technical infrastructure in Vung Ang I Industrial Park, Ha Tinh Province.

2. Investor: Vung Ang Industrial Zone Development Company.

3. Project objectives: To invest in constructing technical infrastructure in the industrial park including transportation systems; power supply; water supply and drainage; waste treatment; communication and operation of created technical infrastructure.

4. Construction location: Ky Thinh Commune, Ky Anh District, Ha Tinh Province.

5. Area of the Industrial Park: 116 hectares, which will be confirmed when land leasing procedures are carried out in accordance with the Land Law.

6. Total investment capital: 154.1 billion Vietnamese dong.

7. Sources of capital: State budget funds, loans, and advance payments from investors.

8. Operation period: 50 years from the date of the investment decision.

9. Construction period: 8 years from the date of land lease decision. During the investment and construction process, the investor must complete all necessary procedures in accordance with the Investment Management and Construction Regulations.

Article 3. The Minister of Finance is tasked to coordinate with the Minister of Planning and Investment to study and consider specific levels of support from state budget funds for the investment capital to submit to the Prime Minister for decision.

Article 4. Vung Ang Industrial Zone Development Company shall enjoy incentives under the Law on Encouragement of Domestic Investment.

Article 5. The Chairman of the People's Committee of Ha Tinh Province is responsible for directing the investor to implement the project in accordance with current regulations; to develop an overall plan for the development of external infrastructure projects that are synchronized with internal infrastructure projects, ensuring effective operations for the Industrial Park.

Article 6. This Decision takes effect from the date of signature.

Article 7. The Chairman of the People's Committee of Ha Tinh Province, Ministers of Planning and Investment, Finance, Construction, Defense, Industry, Science, Technology, and Environment, Director General of the Land Administration General Department, Governor of the State Bank of Vietnam, Director of Vung Ang Industrial Zone Development Company, and heads of relevant agencies within their respective functions and authorities are responsible for implementing this Decision./.