15:54 | 03/10/2016 Investment
Prime Minister Nguyen Xuan Phuc approved investment in the Le Minh Xuan industrial zone expansion project in Binh Chanh District, HCM City.
The current Le Minh Xuan IZ and the digitally illustrated expansion zone to be completed by BCCI, as approved by PM Nguyen Xuan Phuc — Photo bcci.com.vn
The expansion project, with total area of 109ha, is initiated by Viet Nam's Binh Chanh Construction Investment Shareholding (BCCI).
From December 2016 to December 2023, construction of basic infrastructure, roads, drains and sewage systems, as well as water and electricity supplies, will be completed, with focus on the construction of a waste water treatment factory from 2017 to 2023.
The project begins operation from the second quarter of 2017. Total project investment is some VND1.147 trillion (US$51.4 million).
The expansion project will take place in Tan Nhut Ward and Le Minh Xuan Ward, next to the current Le Minh Xuan industrial zone, west of HCM City.
The prime minister assigned HCM City People's Committee to directly monitor the project till its completion. Additionally, he urged relevant authorities to cooperate with BCCI to provide compensation, site clearing and relocation of households whose land has been taken for the project./.