Hanoi approves plan for 203ha hi-biotech park
In this article (4)
Ha Noi City’s People’s Committee has approved the adjustments of detailed planning for Ha Noi’s hi-biotechnology park in Tay Tuu, Lien Mac, Minh Khai and Thuy Phuong wards, Bac Tu Liem District.
According to the approval, the hi-biotech park has a land area of more than 203ha, including areas for the resettlement of about 1,000 people.
The research area, located in the green belt of the Nhue River, will provide an open space, an ecological park that combines the functions of scientific research and the essential utility of the research environment.
The Ha Noi 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; and $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, application of experimental production and hi-tech transfers.
Questions & Answers
Q.Which specific areas in Bac Tu Liem District will be impacted by the new hi-biotech park?
Which specific areas in Bac Tu Liem District will be impacted by the new hi-biotech park?
The hi-biotech park's adjusted planning covers Tay Tuu, Lien Mac, Minh Khai, and Thuy Phuong wards within the Bac Tu Liem District, according to the city's People's Committee.
Q.What is the total investment committed by Pacific Land Limited for the hi-biotech park's development?
What is the total investment committed by Pacific Land Limited for the hi-biotech park's development?
Pacific Land Limited, an Irish company, is funding the park with a total investment of US$1.05 billion. This includes US$250 million for infrastructure and buildings, and US$800 million for specialised equipment.
Q.What is the intended purpose or function of the new hi-biotech park once it is fully developed?
What is the intended purpose or function of the new hi-biotech park once it is fully developed?
The park is designed to be a modern economic and scientific zone. It will facilitate research, education, development, experimental production, and high-tech transfers in the biotechnology field.
Reader pulse
Is this a significant retail opportunity?
15,877 votes so far