Deputy Prime Minister Le Minh Khai has given the green light to an investment plan for infrastructure construction and trade at the Long Duc 3 Industrial Park (IP) in southern Dong Nai province, the Government News has reported.

The IP will cover 244.5 ha in Long Thanh district.

Total investment is estimated at VND1.8 trillion ($76 million), of which VND270 billion ($11.4 million) will come from the project investor, the Long Duc 3 Industrial Park JSC.

The project will have a lifespan of 50 years from its approval date on July 14. Construction is scheduled to last no longer than 36 months from when land is handed over to the investor.

The Dong Nai Provincial People’s Committee was asked to ensure that the investor meets conditions on leasing land and land use in implementing the project as scheduled.