The Department of Planning and Investment in the Mekong Delta’s Long An province is calling for investors to build a new urban area in Duc Hoa district, the Dau Thau (Bidding) online newspaper has reported.

Covering 930.89 ha in Tan My commune, the project will need estimated investment capital of over VND74.4 trillion ($3.1 billion), of which construction is estimated to cost more than VND60.1 trillion ($2.5 billion).

The urban area will house a population of nearly 81,000 people.

There will be more than 13,000 commercial houses and over 7,000 social housing units.

The project is aimed at developing a large-scale urban area and contributing to boosting socio-economic development in the north of Long An province and the northwest of Ho Chi Minh City.

The 50-year project is to be implemented over seven years from the date of investor approval.

The deadline for investors to submit applications is March 15.