The Quang Tri Provincial People’s Committee has asked relevant departments and agencies to help the investor of the Quang Tri Industrial Park (IP) project complete investment procedures so that construction can get underway in the fourth quarter of this year.

Covering 500 ha in Hai Lang district, the IP will cost over VND2 trillion ($88 million) to build.

Its first phase, covering 100 ha, is scheduled to be built in the 2021-2025 period with estimated investment of over VND500 billion ($20.8 million).

The IP is close to major traffic routes such as National Highway No. 1, National Highway No. 15D, the North - South Expressway, the North - South railway line, the My Thuy deepwater seaport, and the La Hai and Lao Bao international border gates.

The project is expected to help boost socio-economic development in Quang Tri, creating an economic center along the East-West Economic Corridor connecting Vietnam, Laos, Thailand, and Myanmar.