Revealed the investor implementing the tourism project of more than 2,500 billion VND

Phu Gia Infrastructure Development Investment Joint Stock Company is the winning bidder for Project Point No. 2 (2-2), Nhon Ly - Cat Tien Beach Tourist Area. The winning bid was nearly 39 billion VND higher than the starting price.

Binh Dinh: Revealed the investor implementing the tourism project of more than 2,500 billion VND

Phu Gia Infrastructure Development Investment Joint Stock Company is the winning bidder for Project Point No. 2 (2-2), Nhon Ly - Cat Tien Beach Tourist Area. The winning bid was nearly 39 billion VND higher than the starting price.

Cat Tien - Nhon Ly beach area is being called for investment by Binh Dinh province.

The People's Committee of Binh Dinh province has just issued a decision approving the results of the auction of land use rights to implement Project Point No. 2 (2-2), Nhon Ly - Cat Tien Beach Tourist Area. The winning company is Phu Gia Infrastructure Development Investment Joint Stock Company.

Project Point No. 2 (2-2), Nhon Ly - Cat Tien Beach Resort is located in Nhon Hoi Economic Zone, Cat Chanh Commune, Phu Cat District. The project area is over 40.21 hectares, including tourism service land of over 14.4 hectares (tourist villa land of 9.8 hectares, hotel land of 1.6 hectares, resort service land of 1.1 hectares...); green land of over 15.3 hectares; traffic land and technical infrastructure of over 5.5 hectares; beach and water surface land of over 4.8 hectares (not assigned or leased).

The project was approved for investment in October 2023, and the investment policy was adjusted on October 22, 2024. The project implementation progress is no more than 60 months from the date of the land allocation decision (the time to complete investment preparation procedures is 12 months).

The land for the project was announced for auction on November 26, 2024, and was auctioned on December 21, 2024 with a starting price of over VND 347.9 billion. Phu Gia Infrastructure Development Investment Joint Stock Company won the auction with over VND 368.8 billion (VND 38.8 billion higher).

Project No. 2 (2-2), Nhon Ly - Cat Tien Beach Resort has a total minimum investment capital of more than 2,215 billion VND. Thus, Phu Gia Infrastructure Development Investment Joint Stock Company implements the project with a total investment of more than 2,500 billion VND.

This project promises to create more momentum for local tourism development, with many important items being built such as hotels, resort villas, squares and commercial services...

Nhon Ly – Cat Tien coastal area is an area with great potential but has not been well exploited. In recent times, Binh Dinh province has had many policies related to calling for and attracting investment, creating conditions for investors with sufficient capacity and experience to invest in the area to develop in accordance with the directions of the Provincial People's Council.

Phu Gia Infrastructure Development Investment Joint Stock Company was established on November 4, 2024 (first change on December 4, 2024). This enterprise is headquartered on Bui Thi Xuan Street, Le Hong Phong Ward, Quy Nhon City, Binh Dinh Province, with Mr. Nguyen Dinh Huy as General Director.

The main registered business line is real estate business: investment in construction and business of technical infrastructure of industrial parks and industrial clusters; leasing of warehouses, factories and offices.

It is known that the condition for participating in the project auction is that the investor must have equity capital to implement the project not less than 15% of the total project investment (for newly established organizations in the year, the investor's equity capital is determined based on the financial statements audited by an independent auditing agency during the period from the time of establishment to before the bidding closing time).

At the same time, the investor, parent company, and economic organization established by the investor have been the investor of at least 1 similar project with a minimum project implementation cost of more than VND 1,107 billion within the past 6 years.

Source: https://baodautu.vn/binh-dinh-lo-dien-chu-dau-tu-thuc-hien-du-an-khu-du-lich-hon-2500-ty-dong-d234180.html