PPC has recently approved of the investment policy on water supply system project in Vung Ro oil refinery area of South Phu Yen economic zone in Hoa Xuan Dong commune, Dong Hoa, constructed by Vung Ro Petroleum Company Ltd., Phu Yen water supply one-member Co. Ltd. and Vinaconex Corporation.
Accordingly, the investment project in the form of BOO (build-own-operation) with phase 1 scale of 50,000m3/day and night capacity to supply water to Vung Ro oil refinery area, one part of South Phu Yen economic zone and livelihood needs. The project has the total investment of about 994.6 billion dongs in Phase 1, expectedly to be put into operation in the 1st quarter of 2017. Phu Yen Provincial People’s Committee also recommends the above-mentioned units to urgently implement investment procedures to submit competent authority for evaluation and approval.
Vung Ro oil refinery is a great strategic project of PhuYenProvince with the annual capacity of 8 million tons, the otal investment capital of more than $3.1 billion. As planned, the project is carried out from the year 2011 to 2015 and commences operation in 2016, creating jobs for 1,300 employees, each year contributing abour $111 million to the state budget. The project is expected to commence at the beginning of 2014 .
Source: Phu Yen Newspaper
Translated by TRONG HAO
Đăng ký: VietNam News
