Danang calls for $95.7 million to develop Phase 2 of Hoa Cam Industrial Park

On August 20, director of Danang Hi-tech Park and Industrial Zones Management Authority Pham Truong Son signed a notification to invite investors to submit dossiers to build the infrastructure for the industrial park (IP). The interested investors need to submit their applications to the authority before September 30.

A key criterion is that the investors’ equity accounts for at least 15 per cent of the project’s total investment capital, equaling $14.65 million.

The project will be valid for 50 years from the day that the land is issued and the construction will be implemented for 36 months after the investor is handed the land.

The city will complete the procedure to select investors before December 15. The prime minister approved the project’s investment planning on March 18.

The IP – Phase 2 will cover an area of 120ha in Hoa Vang district. The total expenditure for construction is $97.8 million, $46.5 million of which will be used for land clearance and compensation.