Thua Thien Hue invests 506 billion VND in trade center and furniture supermarket

The People's Committee of Thua Thien Hue province has just approved the investment policy for the project of a trade center and supermarket for construction materials and high-end interiors at DV22-2 land plot in Area C - An Van Duong New Urban Area.

Accordingly, the project has the form of selecting investors through bidding organizations to select investors according to regulations.

The total investment of the project is 506 billion VND; of which, the preliminary total cost of project implementation is 500 billion VND; the preliminary cost of compensation, support and resettlement is 5.69 billion VND.

The project implementation location is at land plot DV22-2, in Area C - An Van Duong New Urban Area and in Phu My commune, Phu Vang district, Thua Thien Hue province.

An Van Duong new urban area, Thua Thien Hue province.

The project aims to form a commercial center - supermarket of high-end construction materials and interiors in Area C - An Van Duong New Urban Area; diversify the supply of high-end, smart and environmentally friendly construction materials and interiors, meeting the actual needs of the people; contribute to changing the appearance of Phu My - Thuan An road axis and the area in Phu My commune, Phu Vang district; create a driving force for socio-economic development of Thua Thien Hue province.

The project's land use area is expected to be approximately 23,935 m2; the maximum designed capacity of the total construction floor area is approximately 47,870 m2.

Regarding the expected scale of construction architecture, the project has a construction density of less than 40%; height of less than 5 floors. The project's operating period is 50 years from the date of the decision on land allocation and land lease.

Regarding the project implementation progress, regarding the progress of capital contribution and capital mobilization, immediately after the competent State agency approves the results of selecting investors to implement the project, the investor must ensure capital sources to implement the project, in which the investor's own capital is at least VND 101.2 billion (accounting for at least 20% of the total investment capital); other legally mobilized capital is at most VND 404.8 billion (accounting for at most 80% of the total investment capital, contributing capital according to the project implementation progress).

The basic construction progress and putting the project into operation or exploitation shall not exceed 24 months from the date of issuance of the construction permit. In particular, the project is expected to start construction in the first quarter of 2025; complete and put the entire project into operation in the first quarter of 2027.

According to Vice Chairman of the People's Committee of Thua Thien Hue Province Phan Quy Phuong, the investor selected to implement the project must comply with the procedures related to the laws on investment, land, construction, environment and current regulations; have financial capacity to ensure land use according to the progress of the project. At the same time, the Provincial People's Committee also assigned the Department of Planning and Investment to act as the inviting party and organize the preparation and submission for approval of the project invitation dossier; and notify the invitation for project interest according to regulations. Based on the results of the evaluation of the registration dossier for the implementation of the business investment project, the Department of Planning and Investment shall submit to the Provincial People's Committee for consideration and approval of the invitation for interest and organize the selection of investors for this project.

Source: https://baodautu.vn/thua-thien-hue-dau-tu-trung-tam-thuong-mai-va-sieu-thi-noi-that-506-ty-dong-d221410.html