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Quang Tri signs investment cooperation agreement worth 5.5 billion USD

by NDO26 April 2022 Last updated at 17:00 PM

The People's Committee of Quang Tri Province, BBG Group Vietnam and US Quantum Corporation sign a cooperation agreement on April 25.
The People's Committee of Quang Tri Province, BBG Group Vietnam and US Quantum Corporation sign a cooperation agreement on April 25.

VTV.vn - Quang Tri Province has agreed to let BBG Group and Quantum Corporation survey and invest in two projects in the Quang Tri Southeast Economic Zone in Hai Lang District.

On April 25, the People's Committee of Quang Tri Province, BBG Group Vietnam and US Quantum Corporation signed a cooperation agreement on investment in two projects: an industry centre and a general seaport in the Quang Tri Southeast Economic Zone.

The Hai Lang – Quang Tri gas industry centre project will cover a total area of about 140ha with total investment capital of about 5 billion USD.

The project will include a gas processing plant, a liquefied natural gas production plant, an onshore gas store, and a floating gas store. The project is scheduled to be implemented between 2022 and 2030.

Meanwhile, the Quang Tri general seaport project has a scale of about 275 ha with total investment of 500 million USD. The port will be capable of receiving various kinds of ships such as general ships, container ships, bulk carriers, and ships carrying liquid goods such as gas with a tonnage of 180,000 tonnes. The project is expected to completed within the 2022-2025 period.

Under the agreement, the People's Committee of Quang Tri Province is responsible for introducing investment locations for projects, providing planning data related to the infrastructure, and facilitating the two groups in the implementation of the two projects.

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