Dong Thap approves investment policy for Soai Rap Petroleum Services Industrial Park project

(DTO) On June 29, Mr. Nguyen Nhat Truong, Head of the Dong Thap Economic Zone Authority, announced that the Dong Thap Provincial People's Committee had issued a decision approving the investment policy for the Soai Rap Petroleum Services Industrial Park project.

The Soai Rap Petroleum Services Industrial Park project (Gia Thuan Commune, Dong Thap Province) covers an area of 285 hectares, including 278.23 hectares designated for functional zones within the industrial park and 6.77 hectares allocated to water source protection corridors, the Soai Rap River corridor and road protection corridors.

The project's total investment is estimated at approximately VND 2.75 trillion, of which the investor's equity contribution must account for no less than 15% of the total investment capital. The project will have an operating term of 50 years from the date on which the investor is granted the land lease decision.

The project aims to construct and operate industrial park infrastructure. The investor will be selected through a land-use rights auction in accordance with the Land Law. The implementation period must not exceed 36 months from the date the investor is granted the land lease decision.

The Provincial People's Committee assigned the Department of Agriculture and Environment and the Land Fund Development Centre to determine the starting price for the land-use rights auction to select the project investor in accordance with land legislation, based on the full and accurate calculation of all lawful costs invested in forming the project's assets. The agencies are also responsible for organising the land-use rights auction in compliance with the procedures stipulated by the Land Law, the Law on Property Auction and other relevant legal regulations.

The Provincial People's Committee also assigned the Dong Thap Economic Zone Authority to take responsibility for the appraisal results of the project dossier, along with all verified contents regarding the proposed investment policy approval, ensuring compliance with current legal regulations.

The authority will also take the lead, in coordination with relevant agencies and units and the Gia Thuan Commune People's Committee, to guide the investor in navigating the related legal procedures according to the law, while monitoring and evaluating the project’s implementation progress.

By M. THANH
Translated by X.QUANG