Businesses self-fund survey of urban railway project in Da Nang

Nguyễn Linh |

Da Nang - Da Nang City People's Committee allows Dai Quang Minh Company to survey urban railway projects and businesses must bear all costs themselves.

According to the document signed by Vice Chairman of Da Nang City People's Committee Le Quang Nam, the city agreed on the policy for Dai Quang Minh Real Estate Joint Stock Company to conduct surveys, research and prepare a pre-feasibility study report (or investment policy proposal report) for the Urban Railway Line No. 2 project.

Da Nang City People's Committee emphasized that businesses will have to bear all costs and risks in case the project proposal dossier is not approved by competent authorities. The time for Dai Quang Minh to complete and submit the proposal dossier is before October.

The Department of Construction is assigned to be the focal point for receiving dossiers from investors. The Departments of Finance, Construction, Agriculture and Environment, Science and Technology and related units are responsible for guiding and coordinating to provide information and data for businesses to complete dossiers in accordance with regulations.

Previously, in the report of the Department of Finance, this agency said that the Urban Railway Project is one of the driving and key projects of Da Nang in the period 2025-2030. In previous announcements of the Da Nang City Party Committee, Thaco Group (the parent unit of Dai Quang Minh Real Estate) has also been identified as a strategic partner and investor in the city's development orientation. Thaco is encouraged to develop in-depth into important infrastructure areas such as urban railways, offshore wind power and smart urban areas.

Previously, Deo Ca Group had a document stopping research on the urban railway line section from Da Nang to Hoi An due to changes in investment orientation.

The city requires that the investment method must ensure feasibility and efficiency, especially in the exploitation, operation and maintenance stages after the project goes into operation.

Nguyễn Linh
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