Approval of investment policy for 2 resort projects

(QBĐT) - The People's Committee of Quang Binh province has just approved the investment policy for two projects: Quang Phu Luxury Resort and Diamond Hotel and Resort Villas. Both projects are located in Quang Phu commune (Dong Hoi city).

Accordingly, the Quang Phu Luxury Resort project will select investors by auctioning land use rights according to land regulations. The project's goal is to build a 4-star resort to serve domestic and foreign tourists, contributing to increasing local budget revenue.

The project has a land area of ​​4,380m², with investment items: Eco-resort with about 100 rooms including 3-storey hotel, swimming pool, refreshment area, playground, 1 tennis court, technical infrastructure system... Total investment of the project is 100 billion VND.

Dong Hoi City is an ideal location in the field of resort tourism chosen by many investors.

Also in the form of selecting investors through auctioning land use rights, the Diamond Resort Hotel and Villa project has a total investment of 68 billion VND, with an expected land use area of ​​0.33 hectares. The main investment items include: 3-storey hotel complex with 50 rooms and 6 villas, swimming pool. Technical infrastructure system, the area outside the construction boundary with a maximum construction density of 60%, maximum building height of 3 floors...

Regarding progress, both projects will complete the land use rights auction and select investors within 12 months from the date of the decision approving the investment policy. Complete and put into use within 36 months from the date of completion of investor selection procedures, including the time for preparing basic construction investment procedures and construction time.

According to the decision approving the investment policy of the Provincial People's Committee, the investor selected to implement the project will have to make a deposit and guarantee the implementation of the investment project within 6 months from the date of winning the auction for land use rights. In case the investor fails to fulfill the obligation to guarantee the implementation of the investment project, the project will be subject to termination of operation according to relevant provisions of the Investment Law 2020.

The People's Committee of Quang Binh province assigned the Department of Agriculture and Environment to direct the Land Fund Development Center to complete the auction procedures within the prescribed time limit. Land allocation and lease procedures will only be carried out when the investor meets the conditions prescribed in Article 122 of the 2024 Land Law, as well as complies with the investment policy approved by the province.

A. Tuan

Source: https://www.baoquangbinh.vn/kinh-te/202503/chap-thuan-chu-truong-dau-tu-2-du-an-nghi-duong-2225001/