Khanh Hoa calls for investors to build urban area
Total investment in Cam Ranh Bay project estimated at $3.6bln.
The Department of Planning and Investment in south-central Khanh Hoa province is calling for investors to build an urban area along Cam Ranh Bay with total estimated investment of nearly VND85.3 trillion ($3.6 billion).
The project received approval from the Prime Minister on April 1.
On 1,254 ha, construction is expected to last five years, from 2023 to 2027.
The urban area will accommodate commercial and social housing, public works, schools, commercial centers, medical establishments, parks, and tourism facilities, including 8,474 houses, 10,732 villas, and 19,816 social houses.
Under provincial housing planning for 2021-2025, Khanh Hoa targets adding an additional 10.7 million sq m of housing, or over 133,400 houses.
