Khanh Hoa approves Dien Thanh New Urban Area Project of 4,878 billion VND

Khanh Hoa Provincial People's Committee has just approved the investment policy of Dien Thanh New Urban Area Project in Dien Lac and Suoi Hiep communes through bidding to select investors.

The objective of constructing Dien Thanh New Urban Area is to build a modern new urban area with synchronous technical infrastructure and social infrastructure, creating a civilized urban landscape environment, realizing approved plans and contributing to the completion of urban infrastructure; investing in the construction of an urban area with housing, providing full functions of a complete urban area to meet the needs of living, working and entertainment for local people.

The land use scale is about 139.4 hectares. Of which, the land fund for commercial housing development is expected to be about 240,471.13 m2; the land fund for social housing development is about 63,622.71 m2.

Investors are retained to invest in building houses for business on adjacent residential land areas, villa land, mixed residential land, and mixed apartment land.

The investor is responsible for investing in the construction and handing over to the locality for management all technical infrastructure works, social infrastructure of the urban area, public works planning that have been invested in infrastructure, residential land reserved for on-site resettlement for households affected by the project that are eligible for resettlement and other items.

The investor is responsible for investing in connecting the project's technical infrastructure system with the technical infrastructure of residential areas planned for renovation adjacent to the project boundary to ensure synchronous connection systems, drainage systems, and to avoid flooding in residential areas, etc.

The total investment of the project is 4,878 billion VND. The project's operating period: 50 years (calculated from the date the investor receives the decision on land allocation, land lease, or land use purpose conversion).

Project implementation progress is 7 years from the date the Provincial People's Committee issues the decision to select the investor, expected from the third quarter of 2025 to the third quarter of 2032.

Source: https://baodautu.vn/khanh-hoa-chap-thuan-du-an-khu-do-thi-moi-dien-thanh-4878-ty-dong-d408766.html