A new Australian business is being built from the ground up, with a team of experts behind it.
Binhs Duong Land is one of three land ventures in the region.
It will be built on land owned by the NSW government, and the project is backed by an investment fund with a stated aim of helping small and medium-sized businesses in the area.
“It’s an opportunity to create a world class industrial park, an economic hub and a sustainable way to produce,” says Binh Duongs son, Binh Hae.
“We are looking to do this through a combination of private investment, a local community investment and community involvement.”
The business is part of a $400m fund announced by the Government of NSW in April this year, in partnership with the private sector.
It was the second big project announced by that fund, with $180m being committed to the development of the Waimakariri River project.
Branh Duons son, who has been involved in land investment projects across Australia, says the money has been well spent.
“This is the first of what will be many more,” he said.
“There is an opportunity here to do something for the community, and I think it will be the best thing for the country as well.”
Binns Duong is planning to spend $250m to get the project going.
“The business plan is pretty ambitious, and it’s a lot of money,” he says.
“I think the community is going to benefit a lot from this investment.”
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