The southern Hau Giang province’s People’s Committee has given the green light for Lee & Man Group to resume construction of a US$1.2 billion paper complex.
In June 2007, the provincial People’s Committee initially granted an investment license to construct the complex but it has been delayed four times for financial and other scheduling reasons.
With a total investment capital of US$1.2 billion including over US$350 million in the first phase, construction is set to resume in April 2014.
The complex is expected to be fully operational by 2015 with a capacity of 600,000 tonnes of paper per year.
Source : VOV online