Post date: 03/12/2007

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Provincial People's Committee supports investment incentives for enterprises in Quang Binh

(Website Quang Binh) - The provincial People's Committee has recently promulgated the Decision No.2878/QD-UBND providing on support of investment incentive for enterprises subject to the policy for investment attraction of 2007.

Accordingly, the provincial People's Committee will provide a support of VND 3,957 million for investment projects in Quang Binh province. Above money is extracted from the source of capital for the implementation of the policy for investment attraction of the province in 2007 according to the Decision No.3449/QD-UBND of the provincial People's Committee dated 22 December 2006.

Concretely, 7 projects will be given a support of investment attraction in 2007, of which: Nhat Le shipbuilding Plant will be given VND 1,221 million to build road system to the plant; COSEVCO Kaolin processing Plant: VND 517 million to invest in building transformer station of 320KVA and the line of 35KV (worth VND 210 million), compensation and site clearance (VND 50 million), drilling well (VND 68 million), building road system outside the plant (VND 189 million); Project for building centrifugal concrete Plant: VND 900 million to invest in building road system to the plant (VND 597 million) and building the electric line of 22KV and transformer station of 160KV (VND 303 million); Ang Son cement Plant: VND 960 million to expense for compensation and site clearance (VND 762 million) and moving the electric line of 35KV (VND 198 million); Project for renovation of technological equipment to improve its capacity from 5 million liters to 20 million liters of beer per year: VND 117 million for training labors; Waste treatment Enterprise: VND 12 million to expense for compensation and site clearance and Project for manufacturing products from Composit materials: VND 230 million to building the line of 22KV and transformer station of 250KVA.

The provincial People's Committee asked investors, such as: Quang Binh Shipbuilding Industry Company, COSEVCO Construction and Ceramic Porcelain Joint-stock Company, Truong Son General Construction Company, COSEVCO Joint-stock Company No.6, Ha Noi - Quang Binh Brewery Joint-stock Company, Sinh Thai Liability Company Ltd, Central Composite Liability Company Ltd and related units to follow according to the regulations on funded source of capital in order to promote the progress of the projects.

N.Y

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