Tan Tao Investment & Industry Corporation (ITACO) will start construction in May 2010, ITACO’s representative in Quang Ngai Mr Nguyen Van Tam said recently.

With an investment of VND 285 billion (over US$ 16 million), ITACO is to develop Pho Phong Industrial Zone (IZ), a 157-hectare-IZ, a key-large-scale complex in the Sourthen Quang Ngai province.

As licensed, ITACO is to build up the technical and social infrastructure for the effective exploitation of the project and to carry out investment, development, construction and business activities for the Residential Area and social amenities composed of houses, apartments, offices, restaurants, hotels, commercial centers…etc.

Additionally, upon completion, the Industrial-Residential and Service Complex will vehemently promote urbanization, industrialization, and tourism and service development in Duc Pho district as well as in the southern part of Quang Ngai province.

The project is to be implemented within 38 months.