Decision 181/1999/QĐ-TTg

THE PRIME MINISTER

DECIDES

Article 1.- To establish Song Cong I Industrial Park, Thai Nguyen province.

Song Cong I Industrial Park, Thai Nguyen province shall be organized and operate according to the Regulation on Industrial Parks, Export Processing Zones and High-Tech Parks, issued together with the Government�s Decree No. 36/CP of April 24, 1997 and subject to the direct management of Industrial Parks Management Board of Thai Nguyen province.

Article 2.- To ratify the Investment Project for the construction and commercial operation of infrastructures in Song Cong I Industrial Park, Thai Nguyen province, with the following contents:

1. Project�s name: Song Cong I Industrial Park, Thai Nguyen province.

2. Investor: Communications Projects Company I, Thai Nguyen province.

3. Project�s objectives: To level ground and build communications, electricity supply, water supply and drainage, waste treatment... systems with a view to deal in infrastructures created in the industrial park.

4. Construction location: Song Cong town, Thai Nguyen province.

5. Land area in use: The total planned area is 320 ha, including 69.37 ha for Phase I, which shall be accurately determined when the land rent procedures are carried out according to the Land Law.

6. Total invested capital in Phase I: 76,985.8 million Vietnam dong.

7. Capital sources: Own capital, investor�s advance capital, borrowed capital.

8. Investment tempo: The project shall be completed in 5 years after the signing of the investment decision.

9. Operation duration: 50 years as from the date of signing the investment decision.

Article 3.- Communications Projects Company I, Thai Nguyen province, shall be entitled to partly borrow the State�s concessional loans for the construction of infrastructures in the industrial park and enjoy financial preferences according to the Law on Domestic Investment Promotion.

Article 4.- The president of the People�s Committee of Thai Nguyen province shall have to direct the investor to implement the project in strict compliance with current regulations; draw up detail planning on the industrial park and submit it to the Minister of Construction for approval; map out the overall planning on outside-fence infrastructures development in harmony with inside-fence infrastructures, in order to ensure the efficient operations of the industrial park.

Article 5.- This Decision takes effect 15 days after its signing.

Article 6.- The president of the People�s Committee of Thai Nguyen province , the Ministers of Planning and Investment; Finance; Construction; Industry; Defense; Science, Technology and Environment, the General Director of Land Administration, the Vietnam State Bank Governor, the head of Vietnam Industrial Parks Management Board, the head of the Industrial Parks Management Board of Thai Nguyen province (which shall be set up later), the Director of Communications Projects Company I, Thai Nguyen province and the heads of the concerned agencies shall, within their respective functions and power, have to implement this Decision.

For the Prime Minister

Deputy Prime Minister