Hanoi approves plan for 203ha hi-biotech park

Thursday, 2018-05-17 17:08:57
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Hanoi hi-biotechnology park has a land area of more than 203ha, including areas for the resettlement of about 1,000 people (Photo: vietnambiz.vn)
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NDO/VNA – The Hanoi People’s Committee has approved a number of adjustments of the detailed planning for the city’s hi-biotechnology park in Tay Tuu, Lien Mac, Minh Khai and Thuy Phuong wards, Bac Tu Liem district.

According to the approved adjustments, the hi-biotech park will have a land area of more than 203ha, including areas for the resettlement of approximately 1,000 people.

The research area, located in the green belt of the Nhue River, will provide an open space and an ecological park that combines the functions of scientific research and the essential utility of the research environment.

The Hanoi hi-biotechnology park is being funded by Ireland’s Pacific Land Limited, with a total investment capital of US$250 million for technical infrastructure, and a number of service buildings, high-rise apartments and dormitories, as well as US$800 million for specialised equipment, such as laboratory investments, research centres and universities.

The park is to be developed into a high-tech, modern economic and scientific zone, serving research, education, development, and the application of experimental production and high technology transfers.