July 23, 2019 18:50

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Van Don Economic Zone lays out $357.2 million development plan

18:05 | 16/06/2019

The People’s Committee of northeastern Quang Ninh Province has released a plan to implement Prime Minister Nguyen Xuan Phuc’s conclusions on the development of Van Don Economic Zone (EZ) that would require more than VND8.35 trillion (US$357.2 million) to expand its infrastructure by 2030.

van don economic zone lays out 3572 million development plan

A view of Cai Rong Port in Van Don Economic Zone. The province's plan would allocate VND2.4 trillion from the provincial budget during the 2019-25 period to develop the EZ's infrastructure. - Photo enternews.vn

The plan aims to make Van Don an economic hub of Viet Nam and get the city listed as one of the best places to live in the Asia-Pacific region.

The provincial budget will allocate VND2.4 trillion in the 2019-25 period for investment into infrastructure. The province has proposed supplementing this with VND2.1 trillion from the State budget. Van Don EZ will also mobilise VND350 billion from land funds and use its State budget collection for re-investment. It was estimated that the State budget collection would be some VND3.5 trillion in the 2026-30 period.

Quang Ninh Province set five key tasks to reach the goals. The priority task was to develop the EZ’s infrastructure including air, road and waterway transport systems and tourism infrastructure.

The plan proposed studying expanding the annual capacity of Van Don Airport to more than five million arrivals and 30,000 tonnes of goods by 2030.

It also suggested attracting investors to build helipads on the province’s islands to facilitate transport between Van Don and Ha Long, Mong Cai and other islands.

The plan would also accelerate the construction of Van Don – Mong Cai Expressway and bridges connecting Cam Pha City to Van Don EZ.

The province also planned to build a coastal route along the new urban areas of Bai Tu Long Bay and upgrade the roads on Quan Lan – Minh Chau islands and the cable car route from Cai Bau to Tra Ngo - Cai Lim islands.

Van Don expected to attract investment in maritime infrastructure as well, including Hon Net – Con Ong Port, Cai Bau Island Port and tourism ports on Minh Chau, Quan Lan, Ngoc Vung, Thang Loi and Van Canh islands.

The plan would give priority to supporting strategic investors in tourism and resort complexes. It would help investors complete investment procedures for the construction of high-end hotels in the Bai Dai and Cai Rong urban areas.

Other key tasks include the development of a modern high-tech tourism industry, high-tech agriculture and sustainable aquaculture.

Source: VIR