Da Nang calls for 2-billion-USD investment in 2021-2025
The central city of Da Nang has called for total investment of 47.5 trillion VND (2 billion USD) from the State Budget and foreign sources for the development of 38 projects between 2021-2025, focusing on transport and traffic.
The bay in Da Nang will become a new sea port, rail and logistics centre. (Photo courtesy Trung Nam Group)
Da Nang (VNS/VNA) - The central city of Da Nang has called for total investment of 47.5 trillion VND (2 billion USD) from the State Budget and foreign sourcesfor the development of 38 projects between 2021-2025, focusing on transport and traffic.
Directorof the city’s Department of Planningand Investment Tran Phuoc Son said 77 percent of the proposedinvestment would come from international loans or Official DevelopmentAssistance (ODA).
Son said these projects also included theconstruction of new hospitals, expansion of an already-built hi-tech park, anew bio-tech park and a healthcare system for the central coastal region.
Therelocation of the city’s railway station and an urban project related torail and port logistics had been planned from 2017, butrequired loans from the World Bank (WB) and Asia Development Bank (ADB).
Therailway station removal and an urban redevelopment project would need 12.3trillion VND (535 million USD) – 26 percent of the total proposedinvestment fund in 2021-2025.
Accordingto the city, the new railway station will help link the key North-South railwayand road system, the Da Nang-Quang Ngai Expressway, the East-West EconomicCorridor and new planned Lien Chieu deep sea cargo port.
Thecity’s transport department and Seoul Metro company have been workingon a survey for an inner city railway network including two metros andeight tramways connecting the airport, shopping centres, beaches,resorts, the Han River banks and otherdestinations.
DaNang is Vietnam’s fourth largest city andis widely regarded as having better infrastructure than other cities in thecountry. It plans to turn itself into a‘green' city by 2025./.
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The bay in Da Nang will become a new sea port, rail and logistics centre. (Photo courtesy Trung Nam Group) 
