The 44,000 billion VND project under Hai Van Pass is expected to operate in 2029.

The Lang Van resort and entertainment complex project (Da Nang) has just been approved to adjust its investment policy. The project is expected to be completed in 5 years and operational from 2029.

The Prime Minister has just decided to approve the investment policy of the Lang Van Resort and Entertainment Complex project in Da Nang city. The project's goal is to form a complex including commercial and service facilities, develop eco-tourism combined with low-density housing, associated with nature conservation. The project also serves the tourism and living needs of local people, domestic and foreign tourists with a civilized and modern architectural space.

Lang Van area seen from the top of Hai Van pass (Photo: Hoai Son).

The project scale is over 512 hectares. Of which, over 506 hectares of land, 5.3 hectares of sea surface, population of about 19,000 people, land for social housing construction accounts for about 20%... Total project investment capital is nearly 44,000 billion VND.

The project's operating period is 50 years from the date the competent state agency hands over the land to the investor (first handover on February 4, 2021).

The project progress is 5 years from the date of approval of the project investment policy adjustment. In which, phase 1 completes investment preparation procedures from year 1 to year 2; phase 2 implements investment, acceptance and puts into use from year 2 to the end of year 5 (2027-2029).

The estimated area of forest that needs to be converted to other purposes to implement the project is nearly 30 hectares of production forest.

The Prime Minister assigned the People's Committee of Da Nang City to take full responsibility for selecting investors in accordance with the law, ensuring that investors have sufficient conditions to implement the project.

It is known that the project investor is seeking opinions on the environmental impact assessment (EIA) report. The project is located under Hai Van Pass, in Hoa Hiep Bac Ward, Lien Chieu District (Da Nang) with one side facing the sea.

Source: https://dantri.com.vn/bat-dong-san/du-an-44000-ty-dong-duoi-deo-hai-van-du-kien-van-hanh-nam-2029-20241207134310749.htm