.jpg "Hundreds of investors attend Da Nang Free Trade Zone investment promotion conference")
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DNO - The Da Nang government, on Tuesday, issued a decision approving the investment policy and investor selection for a project to develop infrastructure in the functional area No. 5 in the Free Trade Zone.
Accordingly, the selected investor is the Ba Na Cable Car Service JSC headquartered in An Son Village, Ba Na Commune, Da Nang.
Covering an area of 90 hectares in Ba Na Commune, the project has a total investment of over VND 808 billion, including more than VND 121 billion contributed by the investor.
The project's operation term is 70 years. Work is expected to start in the fourth quarter of 2025 and be completed in the fourth quarter of 2027.
The project aims to engage in real estate business and land use rights either owned, leased, or otherwise held by the investor.
The municipal People's Committee assigns the Authority of High-Tech Parks and Industrial Zones along with relevant units to inspect the implementation of the project to ensure compliance with legal regulations.