Group beats other contenders to secure BOT project, with ground to be broken on March 27.
Leaders in Quang Ninh province have decided to break ground at the the Quang Ninh Airport project on March 27, which will be implemented by the Sun Group under build-operate-transfer (BOT) arrangements.
Total investment in the project will be close to VND7,500 billion (nearly $350 million), excluding interest costs during the construction period of about two years and the profits of the investors.
According to Mr. Nguyen Van Thanh, Deputy Chairman of Quang Ninh province, the project, at the Van Don Economic Zone, will attract investors and raise the zone’s status in the future.
Numerous investors at home and abroad expressed interest in becoming the project investor, including Joinus Vietnam, Posco E&C, and CHK Korea.
Founded in 2007, the Sun Group Corporation specializes in construction, real estate, and resorts. It has established itself as a leading enterprise, with many large-scale and well-known projects throughout Vietnam, such as Ba Na Hills.