Industrial Zone Law.
Country
Type of law
Legislation
Abstract
This Law, consisting of 75 articles divided into 20 chapters, is enacted to ensure the sustainable development of industrial parks across the country.
In accordance with the Law, those who acquire land and make investment shall obtain approval from the regional industrial zone management committee and proceed with the project according to the scheduled timeline. If the project is delayed, a fine of 10% of the land value shall be paid annually. In terms of the environment, the Law stipulates responsibility for waste disposal. Investors shall make their own arrangements to dispose of waste properly if the industrial zone does not have a collective waste disposal system. In addition, investors shall ensure that their business complies with the environmental impact assessment conducted by the industrial zone.
In accordance with the Law, those who acquire land and make investment shall obtain approval from the regional industrial zone management committee and proceed with the project according to the scheduled timeline. If the project is delayed, a fine of 10% of the land value shall be paid annually. In terms of the environment, the Law stipulates responsibility for waste disposal. Investors shall make their own arrangements to dispose of waste properly if the industrial zone does not have a collective waste disposal system. In addition, investors shall ensure that their business complies with the environmental impact assessment conducted by the industrial zone.
Attached files
Web site
Date of text
Repealed
No
Source language
English
Legislation Amendment
No