The People's Council of central Da Nang city in central Vietnam has approved an investment policy for the Cua Lo Navigation Channel project under a build-transfer (BT) contract model, with preliminary investment estimated at nearly VND6.95 trillion ($265 million).
Designed to accommodate vessels of up to 50,000 DWT, the project will cover approximately 354.7 hectares of land and water surface. The development includes a navigation channel, protective infrastructure, a synchronized maritime signaling system and a pilot boarding and disembarkation area with a one-nautical-mile radius.
The project will be implemented in Nui Thanh, Tam Hai and Tam Anh communes in southern Da Nang, with construction scheduled to begin in the fourth quarter of 2026 and be completed by the fourth quarter of 2028.
A key objective of the project is to support the development of the Chu Lai Open Economic Zone and surrounding areas, one of central Vietnam’s major economic and industrial hubs. Once completed, the channel is expected to enhance connectivity within the regional port system, improve cargo-handling capacity and reduce logistics costs for businesses.
The proposed investor is Dai Quang Minh Real Estate Investment JSC, a member of the THACO ecosystem.
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