Quang Ninh province has completed a vital highway linking Van Don Airport with the anticipated location for the Sun Group’s IR in the Van Don Special Economic Zone.
The highway has been under construction since 2017, and construction costs ran to more than VND1.4 trillion (US$60 million). A ceremony marking the completion of the highway was held on Sunday.
The new highway is 15 kilometers in length and it is designed to accommodate vehicles travelling up to 80 kilometers per hour.
The Van Don entertainment complex was approved for planning in 2016 with an area of more than 2,500 hectares. According to the Management Board of the Quang Ninh Economic Zone, the project has a total estimated investment capital of about VND47.5 trillion (US$2.1 billion), of which the capital contribution of the investor of the Sun Group is about VND6.9 trillion (US$300 million). The rest will be mobilized from domestic and foreign banks.