The total investment capital for this project has been announced as 47.7 million USD by the Hai Phong Economic Zone Authority.

The plant will produce 6,000 tonnes of steel, 80,000 cubic metres of concrete and 90 machines every year. It will cover an area of 140,000 square metres.

Construction is expected begin next month and the plant will become officially operational in early 2015. Japan’s IHI Infrastructure Asia Co Ltd, under IHI Group Corp, has participated in construction work all over Viet Nam, particularly in the Binh Bridge and Nhat Tan Bridge projects.