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$190mn seaside urban project gets off ground in Vietnam’s Ninh Thuan Province

$190mn seaside urban project gets off ground in Vietnam’s Ninh Thuan Province

Sunday, July 09, 2023, 15:07 GMT+7
$190mn seaside urban project gets off ground in Vietnam’s Ninh Thuan Province
Representatives of the Ninh Thuan administration and ACT Holdings JSC make a symbolic gesture to break ground on the Ca Na Lagoon urban area project on July 8, 2023. Photo: Duy Ngoc / Tuoi Tre

The People’s Committee of Ninh Thuan Province in south-central Vietnam partnered with ACT Holdings JSC to hold a groundbreaking ceremony for the Ca Na Lagoon new urban area project in Thuan Nam District, projected to cost nearly VND4.5 trillion (US$190.3 million), on Saturday.

Upon completion, the seaside urban area project will cover some 64.5 hectares of land in Phuoc Diem and Ca Na Communes, and accommodate 9,000 people.

The project is set to attract 56,000 workers in 2035 and tap the province’s potential real estate field to suit the demand of residents and boost socioeconomic development.

The new urban area is slated for completion in late 2027.

Tran Quoc Nam, chairman of the Ninh Thuan People’s Committee, said that the Ca Na Lagoon new urban area will meet the housing demand, address environmental pollution in the seaside area, and create a green, clean, and beautiful seascape.

The project will also back the operation of the Ca Na seaport complex; and house workers, entrepreneurs, experts, and scientists in nearby industrial parks, seaport zones, and liquefied natural gas-fueled power plants, Nam underlined.

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Tieu Bac - Duy Ngoc / Tuoi Tre News

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