What does Hanoi say about the abandoned trillion-dollar hospital project in Long Bien?

Voters in Hanoi recently reported that the Hanoi Oncology Hospital Construction Project (area 11,365 m2) in Bo De ward, Long Bien district, which was implemented since 2010, is still abandoned.

Accordingly, voters requested the City to review and re-evaluate the suitability of building a hospital at this location, and at the same time study the plan to change the land use purpose to build an additional high school for Long Bien district.

Regarding this issue in the report responding to voters, the Hanoi People's Committee said that the above project was granted Investment Certificate No. 01121001682 by the Hanoi People's Committee on February 19, 2014 to Hanoi Thousand Years Joint Stock Company, adjusting the investment policy on September 7, 2022 with a new investment policy.

Accordingly, the investment target for the construction of the 1,000-year Thang Long Oncology and Cosmetic Surgery Hospital with an investment scale of 150 beds was accepted.

Total investment capital is expected to be about 992.65 billion VND, with the investor's own capital of 202.65 billion VND and the rest from loans from credit institutions.

The project implementation progress as planned is to complete land procedures in the second quarter of 2023 and complete and put the project into use in the third quarter of 2025.

Real Estate - What does Hanoi say about the abandoned trillion-dollar hospital project in Long Bien? — The total investment capital of the project is expected to be about 992.65 billion VND, with the investor's own capital of 202.65 billion VND and the rest from loans from credit institutions.

According to the investor's records and reports, to date, the project has completed compensation and site clearance work in Document No. 1143 dated June 16, 2020 and environmental procedures at the Project (the Ministry of Natural Resources and Environment approved the Project's Environmental Impact Assessment Report on November 26, 2020), the project has not been allocated land/leased land, and has not been implemented (currently conducting appraisal of the feasibility study report at the Department of Construction).

Therefore, the City People's Committee has assigned the Department of Planning and Investment to issue Document No. 4,500 dated August 31, 2023 requesting the investor to review, inspect and report on the implementation of the Project, coordinate with the Inspectorate of the Department of Planning and Investment to inspect and handle in accordance with regulations (on implementing the reporting regime and properly implementing the approved investment policy).

“The project is in progress. After receiving the Investor's report, the Department of Planning and Investment is responsible for inspecting, evaluating and proposing according to regulations,” the report responding to voters of the Hanoi People's Committee stated .

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