Finally, Tata Steel gets land in Vietnam for 5-billion dollars project

摘要

After two years of waiting, Tata Steel will get alternative land in Vietnam for building a 4.5 rail-lion tonne a year steel plant with an investment of 5 billion dollars. The board of Vung Ann Economic Park has proposed allocation of 725 hectares to Tata Steel and its Vietnamese partners in the central province of Ha Tinh. Tata Steel's spokesperson told Business Standard the proposal had been accepted by the company. Under the proposal, 700 hectares would be used for construction of a steel plant with a designed capacity of 4.5 million tonnes a year, Indronil Sen-gupta, Tata Steel's executive manager of projects in Southeast Asia told Vietnamese media.