Quang Ngai has just decided to approve the investor of the Thi Pho market project combined with residential area, Mo Duc district with a total investment capital of nearly 163 billion VND for Nam Khang Central Real Estate Joint Stock Company.
Quang Ngai approves investor for market-residential project with total capital of nearly 163 billion VND
Quang Ngai has just decided to approve the investor of the Thi Pho market project combined with residential area, Mo Duc district with a total investment capital of nearly 163 billion VND for Nam Khang Central Real Estate Joint Stock Company.
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| Perspective of Thi Pho market project combined with residential area, Mo Duc district. |
Mr. Tran Phuoc Hien, Vice Chairman of Quang Ngai Provincial People's Committee has just signed a decision approving the investor of the Thi Pho market project combined with residential area, Mo Duc district for Nam Khang Central Real Estate Joint Stock Company.
Thi Pho market project has a total investment capital of nearly 163 billion VND. Of which, the investor's capital is nearly 41 billion VND and mobilized capital is more than 122 billion VND. The project's operating period is 49 years, from the date of the decision on land allocation and lease.
From the fourth quarter of 2024 to the fourth quarter of 2026, investors are responsible for completing investment, land, environment, construction, and site clearance compensation procedures. From the fourth quarter of 2026 to the fourth quarter of 2028, the investment enterprise completes the construction and puts the project into operation.
Quang Ngai Provincial People's Committee requires investors to fully implement investment, planning, construction, environmental procedures... Implement the project in accordance with the approved investment policy, relevant legal regulations and commitments.
The Provincial People's Committee also assigned the People's Committee of Mo Duc district to be responsible for organizing the implementation of compensation and site clearance of the project according to regulations; inspecting and supervising the project implementation of the investor.
Quang Ngai Provincial People's Committee assigned the Department of Planning and Investment to guide, urge, and supervise investors in implementing the project; check the progress of project implementation. Relevant departments and branches support investors in the process of implementing contents on planning, construction, environment, etc.
Thi Pho market project combined with residential area in Mo Duc district has an area of over 47,000 m2, including land for commercial housing construction of nearly 3,700 m2, with 32 houses (3 floors); adjacent residential land of nearly 8,500 m2/71 lots; land for market construction of about 7,180 m2 and commercial and service land of nearly 4,000 m2.
According to the People's Committee of Quang Ngai province, the investment in the Thi Pho market project combined with the residential area aims to complete the technical and social infrastructure to relocate Thi Pho market to a new location; meet the housing needs of the people; contribute to creating a beautiful architectural landscape for the area.
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