The first phase of the project, which costs an estimated VND318 billion (US$14.21 million), will cover nearly 55 hectares, including 7.8 kilometres of internal roads, water supply, drainage and power supply systems, and two roads connecting the estate with Hung Vuong Boulevard.
The estate, situated near the Da Rang River, is designed to expand Tuy Hoa further into the south and connect with the Nam Phu Yen Economic Zone, home to the Vung Ro Refinery with a total capacity of eight million tonnes per year.
The projects also help to form a string of urban areas and industrial parks along the coast connecting with the northern part of Khanh Hoa province.
It is scheduled for completion in early 2018 with homes, villas, commercial buildings and other facilities to be occupied.
The province plans to put land use rights on 32 hectares of the estate up for auction in December of this year.
