Vingroup proposes to invest in 44,500 billion VND urban area in Bac Ninh

(Dan Tri) - The Northwest New Urban Area Project (Area 1) proposed by Vingroup Corporation in Bac Ninh City has a scale of nearly 268 hectares, with a total investment of nearly 44,500 billion VND.

The People's Committee of Bac Ninh province has just issued Document No. 436 to the Ministry of National Defense and the Ministry of Public Security to seek opinions on the appraisal of the dossier accepting the investment policy for the project to invest in building the new urban area in the Northwest (Area 1) in Bac Ninh city.

The project has a scale of about 267.66 hectares with a total estimated investment capital of more than 44,542 billion VND. The project's operating period is 50 years (calculated from the date the competent authority decides to allocate the land).

This will be a modern, smart, international-class urban area, a sustainable urban area adapting to climate change, environmentally friendly, integrating many utilities to improve the quality of life, connecting the community with housing products, construction works sold, rented, and leased to domestic and foreign organizations and individuals according to the provisions of law.

The Northwest New Urban Area Project (Area 1) proposed by Vingroup Corporation in Bac Ninh City has a scale of nearly 268 hectares, with a total investment of nearly VND 44,500 billion (Illustration photo: Tran Khang).

The project includes low-rise housing projects, social housing in the form of apartments, mixed housing and service projects, social infrastructure projects (medical stations, kindergartens, primary schools, secondary schools, cultural houses, commercial buildings, sports facilities, parking lots)... and technical infrastructure of the project.

The project selects investors through bidding; the project implementation schedule is 10 years from the date of investment policy approval; the unit preparing the investment project proposal is Vingroup Corporation - Joint Stock Company.

The Provincial People's Committee requests the Ministry of National Defense and the Ministry of Public Security to give their opinions on determining whether the project is in an area that requires national defense and security or not in this area, as a basis for inclusion in the content of the project investment policy approval to determine whether the project is allowed to allow foreign organizations and individuals to own houses or not allowed to allow foreign organizations and individuals to own houses.

The Provincial People's Committee also assigned the Department of Planning and Investment to preside over and coordinate with the Provincial Military Command and the Provincial Police to provide records and documents, and work with specialized agencies of the Ministry of National Defense and the Ministry of Public Security when requested.

Source: https://dantri.com.vn/bat-dong-san/vingroup-de-xuat-dau-tu-khu-do-thi-44500-ty-dong-tai-bac-ninh-20241112141529115.htm