INVESTMENT POLICY FOR PHUC LONG EXPANDED INDUSTRIAL PARK INFRASTRUCTURE PROJECT

Phuc Long Expanded Industrial Park has a scale of nearly 329 hectares, with a total investment capital of more than VND 5,642 billion.

Deputy Prime Minister Le Minh Khai has just signed Decision 482/QD-TTg dated June 6, 2024 on the investment policy for the project to invest in construction and business of infrastructure of Phuc Long Expanded Industrial Park, Long An province.

Accordingly, the Deputy Prime Minister approved the investment in construction and business of infrastructure of Phuc Long Expanded Industrial Park, Long An province with a land use scale of 328.8197 hectares; total investment capital of more than VND 5,642 billion.

The project investor is Phuc Long Investment and Construction Company Limited. The Project implementation location is in Long Hiep commune, Ben Luc district and Long Dinh and Phuoc Van communes, Can Duoc district, Long An province. The Project's operation period is from the date of approval of the investment policy and approval of the investor until December 29, 2059.

The Deputy Prime Minister requested the People's Committee of Long An province to be responsible for ensuring the accuracy of information, reported data, and appraisal contents according to the provisions of law; be responsible for the project's conformity with the planning approved by competent authorities; update the scale of the expanded Phuc Long industrial park area into the 5-year land use plan of Long An province 2021 - 2025 and submit it to competent authorities for approval according to the provisions of the law on land.

The Long An Provincial People's Committee also organized the development and implementation of plans for land recovery, compensation, site clearance, conversion of land use purposes, and land lease to implement projects in accordance with the scale, location, and progress of the project; ensuring compliance with the rice land target until 2025 and until 2030 in the province.

The Deputy Prime Minister also requested Phuc Long Investment and Construction Company Limited to use the owner's capital contribution in accordance with the commitment to implement the project and comply with the provisions of the law on land and other relevant laws; fully meet the prescribed conditions when conducting business activities in industrial park infrastructure.