Phu Yen province is working on transport infrastructure costing tens of millions of US dollars to increase regional links and promote investment flows.
|A solid infrastructure system is the foundation of socioeconomic development |
The province is to develop a road that connects the Bai Goc deepwater seaport at South Phu Yen Economic Zone (EZ) with the No.1 national route with the direction of Van Phong EZ in Khanh Hoa province. The project will cost just over $60 million and is expected to be implemented between now and 2024. The project’s feasibility report is currently waiting for approval.
Phu Yen will also propose that the government invests in a 30km expressway connecting Tuy Hoa and Van Phong. The project will start at Tuy Hoa Airport and will connect to Van Phong-Nha Trang Expressway.
According to Phu Yen People’s Committee, the routes connecting South Phu Yen and Van Phong will contribute to establishing a synchronous transport infrastructure system to serve regional links and create leverage for economic growth for the two provinces.
Furthermore, Phu Yen also proposes to take the North-South Expressway through the province.
South Phu Yen EZ is considered a convenient location to boost regional links. Along with the No.1 national route and the coastal route, the province also has the No.25 and No.29 national routes that connect with Dak Lak and Gia Lai provinces. In addition, the Deo Ca and Co Ma tunnels also contribute to shortening the distance to Van Phong EZ in Khanh Hoa province and creating convenient conditions for trading activities.
The province has already implemented many important transport projects. The first is the road connecting national route 1A with Hoa Hiep Industrial Park with the total investment capital of $16.3 million. The construction was implemented from 2013 and was put into use earlier this year.
A second venture is the Phuoc Ta-Bai Nga route cost $21.3 million. Construction was started in 2015 and currently, well over 60 per cent has been completed.
Phu Yen establishes coastal urban planning
The appraisal council of Phu Yen People’s Committee organised a meeting to appraise the 1:500 construction planning of the coastal service urban area in the South Phu Yen Economic Zone (EZ).
The urban area covers 284 hectares in Dong Hoa town and is expected to house a population of nearly 20,000 people. The project will combine an urban service area and a green area of coastal plants, in line with the general planning orientation of the EZ. The project aims to maximise the efficiency of land use in the planned area.
Investors to access 12 projects in South Phu Yen EZ
The province has issued adjustments of the general planning for construction at the South Phu Yen EZ covering until 2040 and 12 projects have been approved by the provincial People’s Committee to allow investors to approach, research, survey, and plan.
Out of 12 projects, four are based in Tuy Hoa city and the others in Dong Hoa town.
By 2025, investment will be made in technical infrastructure for the route connecting the National Highway No.1A at Dong My to Hoa Hiep 1 Industrial Zone; the Phuoc Tan-Bai Nga route; infrastructure for Hoa Tam Commune Resettlement Area; and a number of technical infrastructure projects in the Southern New Urban Area of Tuy Hoa.
Phu Yen adverts land for rent at industrial parks
Phu Yen Economic Zones Management Authority has released information about available areas in industrial zones, including Hoa Hiep 1 with over 100ha in Dong Hoa town, An Phu with 70ha in Tuy Hoa city, and Northeast Song Cau Industrial Zone 1 with over 100ha.
Urban planning built along Ba River
Phu Yen is working with VinaCapital Real Estate Co., Ltd. to develop the master plan for urban area along the banks of the Ba River over a total area of nearly 613 square kilometres. In which, the new urban development master plan with the total area of 23,000ha will consist of 11,800ha new urban area and nearly 5,000ha upgraded urban area, while the remainder belongs to specific purposes such as farming, cultural space, fine arts, golfing, and more. The urban planning hopes to be a highlight in the economic development corridor along Phu Yen’s East-West axis.
Once the plan is established, it will contribute to being in line with regional planning by 2025 as well as following the Phu Yen urban development programme by 2025 with the vision to 2030, and the approved overall socioeconomic development planning.