Nghi Lien Urban Area Project is implemented in Nghi Lien Commune, Vinh City with a total investment of more than 6,290 billion VND, on an area of more than 103.6 hectares, and has just been approved for investment policy.
Nghe An Provincial People's Committee has just issued Decision No. 19/QD-UBND on approving the investment policy of Nghi Lien Urban Area Project in Nghi Lien Commune, Vinh City.
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| A corner of Vinh City, illustration photo, source: BTN |
Accordingly, the project's objective is to concretize the detailed planning at a scale of 1/500 of Nghi Lien Urban Area approved by Vinh City People's Committee in Decision No. 2268/QD-UBND dated June 29, 2023. In addition, it completes infrastructure, establishes a new, quality, energy-saving living environment, according to the criteria for sustainable development of the northern gateway area of the city; harmoniously connects landscape architecture and technical infrastructure systems of neighboring functional areas.
Specifically, the Nghi Lien Urban Area Project in Nghi Lien Commune, Vinh City has a land use area of more than 103.6 hectares, of which, adjacent housing land is more than 18.7 hectares (including 569 lots); villa land is 3.1 hectares (58 lots); social housing land is 7.09 hectares; resettlement land is more than 1.03 hectares; mixed-use apartment land is more than 5.99 hectares... The population is about 10,650 people.
The total cost of the project is estimated at over VND 6,290.4 billion, of which the project investment and construction cost is over VND 5,402.5 billion; compensation and resettlement support costs are over VND 401.7 billion; and interest costs during construction are over VND 486.2 billion.
The project implementation progress is within 10 years from the date of the land allocation decision, land lease decision, land use conversion decision or land handover and the conditions for starting construction are met according to the provisions of law. The management and supervision of the progress and activities of the people on the land lots that are transferred land use rights in the form of subdividing and selling land plots to people to build their own houses are carried out according to the provisions of current law.
The project's operating period shall not exceed 50 years from the date the investor is granted land allocation, land lease, or land use purpose conversion. The form of investor selection is bidding to select investors in accordance with the provisions of the law on bidding.
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