Phu Tho Seeking US$6.38 Bln Investment for 110 Projects

Northern Phu Tho province is seeking investors for 110 projects valued at US$6.38 billion from now to 2020, said the provincial People’s Committee.

 

The projects are 23 the tourism works valued at US$3.7 billion and 14 infrastructure projects worth US$1.05 billion and other projects in industry, agriculture, entertainment and environment.

 

The largest project is the Ao Chau tourism complex in Ha Hoa district with a total investment capital of US$300 million-500 million, followed by a coal-fired electric plant in Phu Ninh district worth US$300-million in the first phase, a US$250-million software zone in Viet Tri city and a US$110-million cement plant in Thanh Thuy district.

 

Phu Tho, 90 kilometers from Hanoi and situated along the Kunming-Ha Noi- Hai Phong economic corridor, is an ideal destination for investors in the areas of mineral mining, agriculture processing, paper as well as construction materials.

 

The municipal People’s Committee chairman Nguyen Doan Khanh said the province will create various incentives such as land rental reduction and financial support in site clearance and compensation for investors.

 

It has applied a “one-stop shop” policy to simplify administrative procedures for investors, he said, adding that Phu Tho will upgrade infrastructure in industrial park with a focus on labour force development. (VNA)