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US group eyes Thua Thien Hue

Released at: 17:09, 28/10/2015

US group eyes Thua Thien Hue

PSL Group agrees to terms with province over a number of investment projects.

by Hoai An

The Thua Thien Hue Provincial People’s Committee signed a memorandum of cooperation on October 27 with PSL Group from US, under which the latter will invest in many major projects in the province.

PSL wishes to invest in seven wharves at Chan May Port, including new, upgraded, or with expanded management and operations. It also wants to build and operate urban areas at the port and a hi-tech park, an industrial park, and a duty free area in the Chan May - Lang Co Economic Zone.

The group also proposed it build and operate a combined wind and solar energy plant with a total capacity of 500MW and invest in the construction, management, and operation of white sand processing plants at the Phong Dien Industrial Park. The group is required to submit pre-feasibility studies within six months.

Speaking at the signing ceremony, Chairman of the Provincial People’s Committee, Mr. Nguyen Van Cao, said he expected the group will have work with the Committee and domestic enterprises to contribute positively to socioeconomic growth in the province.

Thua Thien Hue also committed to supporting and creating favorable conditions for the group to implement its investment projects and business activities.

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