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Agrimeco - Tan Tao Energy Mechanical Corporation and BIDV signed an agreement for funds and insurance

On June 29th 2009, Agrimeco - Tan Tao Energy Mechanical Corporation (Agrita) and Bank of Investment and Development of Vietnam (BIDV) signed a ponsor agreement for Agrita- Hung Yen Industrial Park project in Hanoi.

According to the agreement, funds for construction and infrastructure development of Agrita Mechanical Energy Industrial Park project in Hung Yen will be sponsored with a credit of VND 560.447 billion by BIDV.

Mr. Tran Anh Tuan - BIDV General Director, Mr. Pham Duy Thai - Chairman of Electrical Construction Agriculture & Water Resources company, Mr. Le Van An - General Director of Electrical Construction Agriculture & Water Resources company and Mr Ngo Phuc Cuong – representing to Tan Tao Group in Hanoi attended the signing ceremony.

Agrimeco - Tan Tao Mechanical Energy Corporation (Agrita) and BIDV Insurance Company (BIC) also signed another insurance agreement. BIC will thereby provide a pack of insurance of all risks for construction and take responsibility for the third party in construction and infrastructure development of Agrimeco-Tan Tao Energy Mechanical Industrial Park project. The total investment capital of the project is more than VND 908 billion and the total amount of insurance that BIC will insure for the project is more than VND 564 billion.

Agrimeco-Tan Tao Energy Mechanical Industrial Park with a total area of 197 hectares is located on an area of 3 communes: Vinh Phuc, Tan Tien, Nghia Tru of Van Giang district, Hung Yen province. The project is a part of the development plan of industrial parks to 2015 that was approved in Decision No. 1107/QD-TTg on 21/08/2006 by the Prime Minister. When it comes into operation, it will create more jobs, increase income for the people in Hung Yen province as well as increase the budget of the province and also plays an important role in promoting social economic development for Hung Yen province in particular and the whole country in general.

ItaExpress