Thanh Nien News | Society | Vietnam’s longest sea bridge opens to traffic
Vietnam’s longest sea bridge opens to traffic
Vietnam’s longest sea-crossing bridge, the Thi Nai Bridge opened to traffic Monday, connecting central Quy Nhon city with the Nhon Hoi Economic Zone (EZ) located on the Phuong Mai peninsula.
The 2.5 km-long by 15.5 meter-wide bridge is expected to facilitate transport and improve traffic flow to the industrial zone, attracting more investors to develop the coastal area in Binh Dinh Province.
Construction of the structure got off the ground in 2003 with a total investment of VND363 billion ($22 million).
The EZ management authority said that to date, the prospect of improved transport had attracted several projects worth of millions of dollar to the zone, which was established just last year.
The largest of the projects is the Rainbow Resort complex, worth VND840 billion ($52 million) on a 16 ha-site, undertaken by My Tai Company Ltd.
The second largest project is the VND678 billion ($42 million) 630ha-Nhon Hoi Industrial Park, by the Saigon-Nhon Hoi Industrial Park Joint Stock Company.
Others include a VND181 billion ($11 million) commercial-service-tourism complex by Quoc Thang Ltd.; and a project to develop infrastructure and telecoms for the zone worth VND393 billion ($24 million).
The Ministry of Planning and Investment recently authorized the Nhon Hoi EZ management authority to grant 15-day licenses to investment projects with up to $40 million.
The 12,000-ha EZ was developed to house industries including agricultural processing, forestry and aquatic products, construction materials manufacturing, seaport logistics, petro-chemistry, manufacturing electronic goods and electric materials; textiles, garments and footwear for export.
Surrounding the industrial zone, new urban residential zones are to take shape, including Nhon Hoi, Cat Tien and Nhon Ly, as well as the development of a lagoon-mountain-and-sea eco-tourist area, to become a national tourist resort.
Source: Thanh Nien – Compiled by Ha Dong
Story from Thanh Nien News
Published: 11 December, 2006, 20:48:01 (GMT+7)
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