Danang calls for investment in 10 projects in next five years
By Nhan Tam
|Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port – PHOTO: NHAN TAM|
DANANG – The central coastal city of Danang has put forth 10 investment projects in the transport, infrastructure and logistics sectors to call for investment in the next five years.
Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors.
The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public – Private Partnership (PPP) mode.
The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach).
Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport.
Reportedly, in the Northwest region, there are many large investment projects, including Japan’s Mikazuki hospitality complex and new residential areas named Golden Bay, Thuy Tu, Golden Hills and the cluster of the Danang High-tech Park and the Information Technology Park.
In addition, Danang is also calling for investment for Lien Chieu Port in this area. This project has a total investment capital of nearly VND7,400 billion (including State and private investment), developing two initial berths, capable of receiving general ships, bulk cargo with 100,000 tons and container ships from 6,000 to 8,000 TEUs, ensuring throughput of goods from 3.5 to 5.0 million tons a year.
When these projects are constructed synchronously, they will be the driving force for Danang’s economic development in the Northwest region.
Among the 10 projects, there are also some prominent projects such as the railway station relocation and urban development project worth VND12,636 billion and the tunnel going through the Danang airport with a capital of VND8,228 billion, from the city budget, PPP and ODA.
These 10 projects are among the list of 57 key projects to attract investment in Danang City in the 2020-2025 period, adjusted and approved by the local government.