Danang calls for investment in 10 projects in next five years 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 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 …
Lower interest rates for student loans
World News in Brief: March 6
* Globally, as of 9:42am CET, 6 March 2021, there have been 115.478.709 confirmed cases of COVID-19, including 2.568.720 deaths, reported to WHO. As of 6 March 2021, a total of 249.160.837 vaccine doses have been administered. * The Chinese mainland reported no new locally transmitted COVID-19 cases on Friday, the National Health Commission said Saturday. The total number of confirmed COVID-19 cases on the mainland reached 89,962 by Friday, including 173 patients still receiving treatment, including one in severe condition. * Japan extended a state of emergency in the Tokyo area by two weeks to try to combat COVID-19, prompting a "heartfelt apology" by Prime Minister Suga Yoshihide. * Brazil on Friday registered more than 1,600 COVID-19 deaths for the fourth day in a row, reporting 1,800 new deaths and 75,495 new cases in the past 24 hours. Brazil has so far reported a total of 10,869,227 cases with 262,770 deaths, according to official data. * Russia on Saturday reported 11,022 new COVID-19 cases, including 1,820 in Moscow, taking the national case tally to 4,312,181 since the pandemic began. The government's coronavirus taskforce said that 441 people had died in the last 24 hours, bringing the Russian death toll to 88,726. * US President Joe Biden said the latest job report shows job gains are too slow and his COVID-19 relief bill is urgently needed to boost the economy. * The European Union will urge the United States to permit the export of millions of doses of AstraZeneca's COVID-19 vaccine to Europe, underlining Brussels' scramble to bridge supply shortfalls, the Financial Times reported on Saturday. * Italy said on Friday it would further tighten coronavirus restrictions in three of its 20 regions, while France reported the number of people in intensive care with the disease reached its highest level so far this year. * Switzerland unveiled a CHF1 billion (US$1.08 billion) plan on Friday to offer free coronavirus tests for its entire …
Phan Thiet airport to start construction in March
The information was announced by Senior Lieutenant-General Tran Don, Deputy Minister of National Defense at a meeting with the south-central province's authorities Friday. In 2009, the government approved a plan to build Phan Thiet airport in beach town Phan Thiet of Binh Thuan, which lies more than four hours east of Ho Chi Minh City and currently has none. The plan said the airport would span 543 hectares (1,340 acres) to serve both civilian and military purposes and invested under the build-operate-transfer format by Hanoi-based Rang Dong JSC. It also said work would start in 2015 for the project to be finished in 2018. However, nothing had been carried out as scheduled. In 2017, Binh Thuan proposed to upgrade the civil rating of the planned airport from 4C to 4E as regulated by International Civil Aviation Organization. In specific, the province wanted to extend the airport's runway from 2,400 meters to 3,050 meters in order to raise its capabilities toward the 4E rating. The increased rating would allow it to handle Airbus A320s or equivalent sized and advanced military aircraft. The government agreed with the proposal within that year, which means the cost for the airport will stay at around VND10 trillion ($434 million). The problem with investment capital had prevented the plan to be executed. Now, the problem has been solved, said Deputy Minister Don. He said the Ministry of National Defense had previously relied on a plan to auction former Nha Trang airport in central Khanh Hoa Province to raise funds for building Phan Thiet airport. However, the government has recently agreed to build Phan Thiet airport using the state budget in the form of public investment. "The government has allocated the fund for the ministry and work on the joint-use airport should be carried out soon." If everything is to happen as planned, construction should be finished in 20 months so the airport could start operation next year, Don noted. Rang Dong JSC …
[Read more...] about Phan Thiet airport to start construction in March
