Construction begins on $445mn urban development project in Da Nang
Saturday, March 22, 2025, 16:31 GMT+7
Thuan Phuoc Bay Investment Urban Joint Stock Company began construction on a 97.6-hectare urban area project, with a total investment of VND11.4 trillion (US$445.22 million), at the end of the Han River in Da Nang City on Friday.
The project is situated on a prime land strip at the end of the Han River, bordered by the sea on three sides.
It will feature a mix of low-rise and high-rise residential areas, apartment complexes, riverside villas, commercial centers, and shopping streets.
Additionally, the development will include 5-star hotels, a 16.5-hectare theme park, and a sea square.
Le Quang Nam, deputy chairman of Da Nang City’s People’s Committee, stated that the city is focusing on infrastructure development and attracting strategic projects.
He emphasized that the creation of modern, smart, and sustainable urban areas will help transform Da Nang into an international financial, commercial, service, and tourism hub, in line with the spirit of Resolution 43 by the Politburo.
The Thuan Phuoc urban area project is expected to enhance the urban stretch north of Son Tra Peninsula, potentially establishing a new center for Da Nang.
Nam urged the investor to collaborate with all stakeholders to expedite the project’s progress, aiming to make Thuan Phuoc a new symbol of the city.
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