Nghe An approves investors to implement Urban Area Project in Thanh Chuong town

On January 24, 2024, the People's Committee of Nghe An province issued Decision No. 15/QD-UBND approving the consortium of North Central Real Estate Investment Joint Stock Company and Hung Phat Phu Quoc Tourism Construction Investment and Real Estate Business Joint Stock Company as the investor to implement the Urban Area project in Thanh Chuong town, Thanh Chuong district, Nghe An province.

Decision of the Provincial People's Committee on approving investors to implement the project: Urban area in Thanh Chuong town, Thanh Chuong district. Photo: TP

The project has a preliminary total implementation cost of 889,266 billion VND, an area of 109,438 m ² ; a population of 1,200 people. The construction scale includes a commercial service area with a land area of 1,963.10 m ² , 3 floors high; a low-rise residential area with a total area of 40,618.2 m ² , a total of 315 plots of land, 4 floors high; trees, sports , landscape, square with a total land area of 9,824.9 m ² ; a cultural house, a kindergarten, a wastewater treatment plant, a technical infrastructure system...

The project's duration shall not exceed 50 years from the date of land allocation to the investor. The project shall be completed within 4 years from the date of meeting the conditions for commencement of construction as prescribed by law.

According to the project, the investor's capital contribution is 211 billion 765 million VND; mobilized capital is 677.5 billion VND. Capital contribution progress is according to project progress.

A corner of Thanh Chuong town. Illustration photo

The decision also clearly stated the responsibilities of relevant agencies and units in implementing the project.

Specifically, investors must make advance payments for site clearance compensation to competent state agencies to implement the approved compensation plan; and make a deposit to ensure project implementation according to the provisions of the Investment Law and implementing guidelines.

Carry out environmental protection procedures according to the provisions of Decree 08/2022/ND-CP; Collect and treat waste generated from the project to ensure compliance with current environmental protection standards.

During the project implementation process, the investor is responsible for fully complying with the provisions of the law on investment, construction, environmental protection, labor, synchronous infrastructure connection and ensuring traffic safety and related legal provisions.

Project implementation may only be carried out after all procedures regarding land, environment, construction, etc. and relevant legal regulations have been completed.

The project can only be put into operation (real estate business, sale of project houses...) when it ensures the legal conditions on housing, real estate business and related legal regulations.

Quarterly and annually, report to relevant sectors on project implementation status.

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