Vietnam grants 2nd licence for Amata’s Service City project
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AMATA VN has been granted the second licence to develop the Amata Service City Long Thanh 1 on 346 rai (55.4 hectares) of land near Ho Chi Minh City, expecting to start operating it in 2018.
Somhatai Panichewa, chief executive officer, said yesterday that the area accounted for 53 per cent of the total area of 649.25 rai.
The company applied for the licences in Dong Nai province.
Construction of the US$23-million (Bt810 million) project, including a residential area, commercial area, warehouse and logistics system, is expected to commence in 2018 and be completed in 2019, when the land will be ready for investment from private investors, both local and foreign.
The project is on a strategic location to support air, marine and land logistics transport, she said.
The project is adjacent to Amata City Bien Hoa, the company’s first industrial estate in Vietnam.
That will help link the supply chains of the two industrial estates, Somhatai said.
It is also near Long Thanh International Airport, which would make things easier for investors.
The first licence was granted last year for developing the Amata City Long Thanh (high-tech real-estate) project on 2,562 rai. It is expected to be ready for investment next year.
The project is a part of a plan to build industrial-estate and residential areas covering more than 7,912.5 rai.
The two licences are among four it has applied for. The last two are expected to be granted next quarter.
They are for the development of Amata City Long Thanh and Amata Service City Long Thanh 2 on 303 rai and another Amata Township Long Thanh on 4,706.25 rai.
