A consortium of three investors led by the Belgian company Rent A Port has been granted the investment license for construction of Nam TienPhong Industrial Zone and Port in the QuangNinh Province. The other two companies in the consortium include, Infra Asia Investment Ltd. (InfraCo Asia) and International Port Engineering and Management (IPEM) .
The project that has a $128 million capital outlay, will be led by a joint venture vehicle Nam TienPhong JSC, which has been formed by these three companies. Nam TienPhong Industrial Zone and Port will cover an area of 487 hectares, forming a concentrated industrial zone that can meet the demands in manufacturing industry.
This will be Rent-A-Port and InfraAsia’s second industrial park and port complex project in Vietnam, after the Dinh Vu Industrial Park and port complex in the northern coastal city of Haiphong, which borders Quang Ninh.
The companies had invested in Dinh Vu IP in 1997 and are now starting the second phase of the complex, which has already attracted 53 projects so far, covering 50 per cent of the complex capacity, with a total investment going up to $3 billion.
Furthermore, a Thailand leading industrial zone developer Amata Corp had also proposed to build a high-tech industrial park and township complex in Quang Yen commune of QuangNinh province, with $2 billion capital. The proposal is still pending for approval by the government.