Sun World Ha Long Complex (Photo: halongwave.vn) Quang Ninh (VNA) – The private economic sector has played an important role in creating a facelift to the infrastructure development in the northern coastal province of Quang Ninh over the recent past. Large-scale projects spring local development According to Chairman of the provincial People’s Committee Nguyen Duc Long, it would take the province 10 years to complete its comprehensive and modern infrastructure if Quang Ninh only relied on State allocation and local budget. However, the province has made a quantum leap with various measures taken to lure private investment. Long said thanks to concerted efforts to improve local business climate, the province secured 36 trillion VND (1.55 billion USD) during 2015-2018 to develop transport projects, three quarters of which were mobilised from the private sector. A line-up of investors have come to the province to build key transport projects under build-transfer (BT), build-operate-transfer (BOT), and public-private partnership (PPP) contracts. A 474.4-million-USD highway is being constructed under a BOT and PPP contract by the joint venture of Long Van Infrastructure Investment and Development Co., Ltd, Van Don Sun JSC and Cong Thanh Transportation and Construction Corporation. The 80.2km-long highway is designed to have… Read full this story
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