Quang Ngai is looking for investors to implement the 650 billion VND River View Urban Area project.

QNgTV- The People's Committee of Quang Ngai province approved the investment policy of River View Urban Area in Son Tinh commune with a total capital of about 650 billion VND and will select a qualified investor through bidding.

River View urban area project concretizes the Master Plan of Son Tinh new urban area and the 1/2000 scale zoning plan of the Southeast area of ​​Son Tinh new urban area.

River View Urban Area Project has a scale of nearly 332,000 m², oriented to develop into a new urban area with synchronous and modern technical and social infrastructure. The project will provide diverse urban products such as residential land, commercial service buildings, green parks, squares and community living spaces.

The selected investor will organize the construction investment plan. The technical infrastructure, trees, squares, water surfaces and public works, after completion and acceptance, will be handed over to the locality for management according to regulations. Notably, the investor must pay an amount equivalent to the minimum value of 10% of the land fund in the project that has invested in infrastructure to arrange the construction of social housing. The total investment capital is expected to be about 650 billion VND, of which the implementation cost (excluding site clearance) is about 560 billion VND; the compensation, support and resettlement costs are about 90 billion VND.

The project's operating period is 50 years from the date of land allocation or lease. The expected implementation progress is 7 years from the date of investor selection; incentive and investment support mechanisms will be applied according to current regulations.

Source: https://quangngaitv.vn/quang-ngai-tim-nha-dau-tu-thuc-hien-du-an-khu-do-thi-river-view-650-ty-dong-6511240.html