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Sunday, July 14, 2024

Quang Nam to call for investment into riverside urban area project

By Nhan Tam

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QUANG NAM – The Quang Nam Province Economic and Industrial Zones Authority and the relevant units have been asked to complete a proposal to build a riverside technology urban area project and submit it to the prime minister, according to the provincial government.

The project, which will be located along the Dam River, will cover an area of some 224.95 hectares and require nearly VND3 trillion, including funds for construction and site clearance works.

The riverside tech urban area project will comprise many different functional zones such as a public zone, a service and trading zone, a residential area, and a complex zone with urban development projects with high-value urban services.

The project’s services and products have to meet the relevant technology requirements.

The project will be implemented in six years from 2022 to 2028 if its investor is chosen soon.

According to the provincial Economic and Industrial Zones Authority, the implementation of the project will benefit the local residents and help improve land use management. Therefore, the project will focus on handling site clearance works and building resettlement areas, ensuring that 80% of compensation works will be completed in the first two years, with the figure set to reach 100% in the third year.

The central province expected the project would help develop the area into a hi-tech urban area, build a smart urban model in the years to come, and create significant socioeconomic values.

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