Wednesday, October 19, 2011
Upgrade to aid Phu Quoc economic development plan
KIEN GIANG — Phu Quoc Island authorities are building the Vinh Dam industrial-residential complex and a breakwater, upgrading the An Thoi Seaport, and dredging the mouth of Duong Dong River at a cost of VND1.373 trillion (US$66 million).
The works are aimed at boosting economic growth by efficiently exploiting the island's natural advantages.
At An Thoi, the fishing port is being upgraded and expanded at VND62.4 billion ($2.97 million), with the work expected to be finished by 2014.
It is considered to be an important infrastructure project that will make Phu Quoc an eco-tourism and cargo and passenger transport hub. It was built last year at a cost of VND149 billion ($7 million).
The 305ha Vinh Dam Complex, to cost VND1.2 trillion ($57.1 million), will comprise a cargo port, industrial zone, a traditional trade village, entertainment, a resort, restaurants, and public services.
It will be built in three stages and finished in 2014.
Acquisition of land and payment of compensation will be finished by the end of this year.
The mouth of the river will be dredged and a breakwater built at a cost of VND111 billion ($5.28 million).
The dredging and installation of marker buoys will begin next year. — VNS