Looking for investors for the new urban area project in the South of Dong Hoi city

Quang Binh Department of Planning and Investment said that the Provincial People's Committee has issued a decision approving the investment policy and approving the preliminary requirements for the investor's capacity and experience for the Southern Urban Area project of Dong Hoi city.

Accordingly, the project has a total preliminary investment of 401 billion VND. Of which, the project implementation cost is about 347 billion VND, the cost of compensation, resettlement support and site clearance is 54 billion VND.

The project was proposed by Minh Anh Construction Joint Stock Company and will be implemented in Luong Ninh commune and Quan Hau town, Quang Ninh district, Quang Binh province; the investor will be selected through bidding.

The total land use area of the project is 136,805 m2; the East side is adjacent to Nhat Le River, the West side is adjacent to the existing residential area and National Highway, the South side is adjacent to the existing residential area and Quan Hau town. The North side is adjacent to the green strip along Nhat Le River.

Luong Ninh commune area, Quang Ninh district, where many new urban area projects are planned. Photo: NT

Regarding commercial housing, the project will invest in building a complex of commercial and service buildings on 2 plots of land with a land use area of approximately 6,948.7 m2.

The housing project includes: Rough construction and exterior finishing of at least 30 villas along the 15m wide planned road in the East of the project with an area of about 10.94 m2.

The adjacent residential area, built roughly, with the exterior finished, consists of about 3 adjacent houses with a height of 3 floors, located adjacent to the frontage of National Highway A with a land use area of about 328.26 m2.

The residential land fund is allowed to transfer land use rights to people to build their own houses according to approved sample designs after the project completes technical infrastructure investment, including 174 lots with a total area of about 30,901 m2.

According to the Department of Planning and Investment of Quang Binh, this is a project in an area that is not required to reserve land for investment in social housing construction. At the same time, the scale of the project in the investment policy is only preliminary and will be specifically determined at the stage of preparing the feasibility study report and implementation design after the basic design is appraised and approved.

According to the Department of Planning and Investment of Quang Binh, in addition to the decision approving the investment policy, the People's Committee of Quang Binh province has now issued a decision approving the preliminary requirements on the capacity and experience of investors to call for investors to be interested in and register to implement the project. Accordingly, to register to implement this project, investors must have a minimum equity capital of VND 81 billion.

At the same time, the investor or member participating in the consortium implementing the registered project must have experience implementing urban area projects, commercial housing, office headquarters, commercial service works in the role of an investor contributing equity capital of a project with a total investment of at least VND 201 billion; completed or largely completed within the past 7 years (the investor contributes equity capital with a minimum value of VND 41 billion).

Another case is that the investor participates as the main construction contractor or has a partner participating as the main construction contractor of a similar project with a total minimum investment of VND 105 billion, completed within the last 5 years.

It is known that near the planning area of the Southern Urban Area project of Dong Hoi city, the People's Committee of Quang Binh province has also approved the investment policy and selected an investor for another project, Luong Ninh New Urban Area, Quang Ninh district in July 2023. This project has a total preliminary investment of 1,131 billion VND.

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