Nhon Trach Investment Joint Stock Company on August 16 started work on the Dong Sai Gon urban area in the Mekong Delta province of Dong Nai.

The urban area project has an investment capital of 6 billion USD, of which 220 million USD will be used to build its infrastructure.

The area, which will include transport roads, model houses, green park and lakes, is located in an area of 942 ha in the central of Nhon Trach district which boasts a number of main highways and roads of southeastern Vietnam.

Director of the Nhon Trach Investment Joint Stock Company Nguyen Hieu Loc said his company has issued five-year investment bonds and called for investments from existing shareholders to collect capital for the project.

The Global Petro Commercial Joint Stock Bank has bought one-trillion-VND bond of the company.

The construction work is scheduled for completion within 10-15 years.