Khanh Hoa province has a $10 billion urban development project.

(Dan Tri Newspaper) - The new urban area in Cam Lam district ( Khanh Hoa province ) covers more than 10,356 hectares, with a preliminary total investment of approximately 260,267 billion VND, equivalent to more than 10 billion USD.

Decision 662, approving the investment plan for the Cam Lam new urban area project in Cam Lam district, Khanh Hoa province, has just been signed.

Accordingly, the project will be implemented in Cam Lam district, including the communes and towns of Cam Duc, Cam Hai Dong, Cam Hai Tay, Cam Hoa, Cam An Bac, Cam An Nam, Cam Hiep Bac, Cam Hiep Nam, Cam Tan, Suoi Tan, and Cam Thanh Bac. It will also include a part of Cam Ranh city, specifically Cam Thanh Nam commune, Cam Phuc Bac ward, and Cam Nghia ward.

The Cam Lam New Urban Area covers a land area of ​​over 10,356 hectares; of which nearly 81 hectares will be converted from forest land. The project has a preliminary total investment of approximately VND 260,267 billion (equivalent to over USD 10 billion); excluding compensation and resettlement support costs of approximately VND 25,000 billion. The operating period is 50 years from the date of the land allocation decision, land lease decision, and land use conversion decision.

The Cam Lam new urban area is expected to have approximately 58,576 detached and semi-detached houses; 9,821 apartment units; 58,574 plots of land for detached and semi-detached houses; 33,052 social housing units; a 36-hole golf course, etc.

An area in Cam Lam district, Khanh Hoa province (Photo: Trung Thi).

The project will be subject to a bidding process to select an investor in accordance with regulations. The project implementation schedule is from 2025 to 2037.

The project's investment objective is to develop a new mixed-use urban center with regional characteristics in Cam Duc town, connected to the central urban axis.

Deputy Prime Minister Tran Hong Ha instructed the People's Committee of Khanh Hoa province to organize the selection of investors to implement the project in accordance with the law, ensuring that the investor has sufficient capacity (especially financial), experience, and conditions to be granted land by the state, leased land, or have the land use purpose converted to implement the project according to the registered schedule.

At the same time, the People's Committee of Khanh Hoa province has regulations stipulating commitments and conditions binding investors to implement the project's progress and objectives; it is responsible for handling violations by investors, ensuring the efficient use of land resources and preventing waste due to project non-implementation.

Source: https://dantri.com.vn/bat-dong-san/tinh-khanh-hoa-co-khu-do-thi-10-ty-usd-20250325163807924.htm