Trang chủNewsnewsCentral city calls for $2 billion investment in 2021-25

Date: 09/09/2020


Central city calls for $2 billion investment in 2021-25


The bay in Đà Nẵng will become a new sea port, rail and logistics centre. Photo courtesy Trung Nam Group 

ĐÀ NẴNG — Đà Nẵng has called for total investment of VNĐ47.5 trillion (US$2 billion) from the State Budget and foreign sources for the development of 38 projects between 2021-25, focusing on transport and traffic.

Director of the city’s planning and investment department, Trần Phước Sơn, said 77 per cent of the proposed investment would come from international loans or Official Development Assistance (ODA).

Sơn said these projects also included the construction of new hospitals, expansion of an already-built hi-tech park, a new bio-tech park and a healthcare system for the central coastal region.

The relocation of the city’s railway station and an urban project related to rail and port logistics had been planned from 2017, but required loans from the World Bank and Asia Development Bank (ADB).

The railway station removal and an urban redevelopment project would need VNĐ12.3 trillion ($535 million) – 26 per cent of the total proposed investment fund in 2021-25.

According to the city, the new railway station will help link the key North-South railway and road system, the Đà Nẵng-Quảng Ngãi Expressway, the East-West Economic Corridor and new planned Liên Chiểu deep sea cargo port.

The city’s transport department and Seoul Metro company have been working on a survey for an inner city railway network including two metros and eight tramways connecting the airport, shopping centres, beaches, resorts, the Hàn River banks and other destinations.

Đà Nẵng is Việt Nam's fourth largest city and is widely regarded as having better infrastructure than other cities in the country.

It plans to turn itself into a ‘green' city by 2025. — VNS

news orther

RoK National Assembly Speaker to pay official visit to Việt Nam

Date: 30/10/2020

US Secretary of State Mike Pompeo to visit Việt Nam

Date: 29/10/2020

Large caps lose momentum, pulling VN-Index down

Date: 27/10/2020

Indian business chamber to host seminar on trade, investment

Date: 27/10/2020

NA deputies mull Law on Residence

Date: 23/10/2020

VN, Japan agree on quarantine-free procedures for short-term entries

Date: 22/10/2020

Việt Nam moves up in Asia Power Index

Date: 21/10/2020

Japanese PM meets with students of Vietnam-Japan University

Date: 21/10/2020

Government support needed for investment in cold storage, says VASEP

Date: 20/10/2020

Việt Nam-Japan ties a model of win-win partnership: Diplomat

Date: 20/10/2020

Japanese PM to visit Việt Nam

Date: 16/10/2020

High quality products aimed at European market

Date: 15/10/2020

Trung Nam Group inaugurates VNĐ12 trillion solar power project

Date: 14/10/2020

VN to set new regulations for overseas investment

Date: 13/10/2020

Việt Nam continues institutional reform as part of EVFTA commitment

Date: 12/10/2020

Liberation Press Agency receives "Hero of the People's Armed Forces" title from the President

Date: 12/10/2020

Hà Nội ceremony celebrates 25 years of Việt Nam-US relations

Date: 09/10/2020

NA committee discusses resolution on urban administration in HCM City

Date: 08/10/2020

Hà Nội woman detained for spreading anti-State propaganda

Date: 08/10/2020

Vinamilk finances intensive training courses for thousands of chief nurses

Date: 07/10/2020

2006 - 2019 - all copyright reserved. Email:

Design by Nhật Thành.NET