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Monday, June 27, 2022

Danang set to break ground on Lien Chieu port in Sept

The Saigon Times

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HCMC – Danang City is rushing to complete all procedures to start work on the Lien Chieu port project in September this year, Ho Ky Minh, vice chairman of the city government, announced on May 31.

The large-scale project, funded by the local budget and the private sector, is expected to contribute to the city’s socio-economic growth, the local media reported.

The city assigned the management board for infrastructure projects to quickly complete procedures to begin work on a series of components such as anti-wave embankments, the dredging of sea passages and a road leading to the port.

As many local and international investors have shown interest in some of its major components, such as wharves, quays and logistics areas, the city told the Investment Support and Promotion Board to create further favorable conditions so investors can easily get involved in these subprojects.

The municipal government announced that the Danang Investment Forum 2022 will take place in June. The event is expected to introduce the city’s potential, advantages and investment opportunities to local and foreign investors.

In addition, the city will call for investments in several projects at the event and offer multiple incentives and preferential policies to investors in housing.

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