The bay in Da Nang will become a new sea port, rail and logistics centre. Photo courtesy Trung Nam Group Da Nang has called for total investment of VND47.5 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, Tran Phuoc Son, said 77 per cent of the proposed investment would come from international loans or Official Development Assistance (ODA). Son 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 VND12.3 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 Da Nang-Quang Ngai Expressway, the East-West Economic Corridor and… Read full this story
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