Submit to the Provincial People's Council to add 4 new urban and residential area investment projects in Vinh city

The Economic - Budget Committee of the Provincial People's Council held a meeting to review the proposal of the Provincial People's Committee for the Provincial People's Council to consider amending and supplementing Resolution No. 26, dated December 9, 2022 with the proposal to add 4 new investment projects using and collecting land fees in Vinh city to create capital sources to implement compensation and site clearance for 2 key projects. Photo: Mai Hoa

On December 9, 2022, the Provincial People's Council issued Resolution No. 26 stipulating the percentage of land use fee revenue from projects with land use fee collection for the provincial budget to create capital for compensation, support for site clearance of Vinh International Airport project and investment in the construction of an access bridge connecting National Highway 7C with Cua Lo deep-water port.

Accordingly, there are 4 investment projects that collect land use fees with an expected revenue of 3,932 billion VND, to carry out compensation and support for site clearance of 2 projects of Vinh International Airport and the investment project to build a bridge connecting National Highway 7C with Cua Lo deep-water port, including: Song Lam Urban Area project in Hung Dung ward; Song Lam Exhibition Urban Area project in Hung Dung ward; Urban Area project in Hung Loc commune; Urban Area project in Nghi Phu commune and Hung Loc commune.

A corner of Vinh city. Photo: Mai Hoa

However, up to this point, the implementation process of 2 projects has encountered difficulties related to planning and legal procedures of the project, so it is unlikely to be implemented in 2024 and 2025. Currently, only 2 projects, the Urban Area project in Hung Loc commune and the Urban Area project in Nghi Phu commune, are carrying out land allocation procedures and paying land use fees, with an expected revenue to be paid to the provincial budget in 2024 of about 1,205 billion VND, reaching 30.64% of the expected revenue).

Meanwhile, the total investment for compensation and site clearance for the two key projects of Vinh International Airport and the project to build a bridge connecting National Highway 7C with Cua Lo deep-water port is about VND6,873 billion. Thus, the remaining funding for compensation and site clearance for the two projects is about VND5,668 billion.

A residential planning area in Hung Hoa commune, Vinh city. Photo: Mai Hoa

Based on that reality, the Provincial People's Committee submitted to the Provincial People's Council for consideration to amend and supplement Resolution No. 26, dated December 9, 2022, with a proposal to add 4 new investment projects with land use fee collection in Vinh city to create capital sources to implement compensation and site clearance for 2 key projects. It is expected that land use fee collection for these 4 projects in 2024 will be about 2,394 billion VND.

Specifically, the 4 proposed additional projects include: Nghi Lien Urban Area Project, in Nghi Lien Commune, with an expected area of over 103 hectares; Bac Nghi Kim Urban Area Project and Nghi Kim Central Housing Area, with an expected area of nearly 18 hectares; Vinh Riverside Urban Area Project, in Vinh Tan Ward, with an expected area of over 20 hectares; New Residential Area Project in Hung Hoa Commune, with an expected area of over 4 hectares.

The total land use fee collected from the previous 2 projects and 4 additional proposed projects in 2024 is about 3,599 billion VND to carry out compensation and site clearance for the 2 key projects of Vinh International Airport and the investment project to build an access bridge connecting National Highway 7C with Cua Lo deep-water port.

Source: https://baonghean.vn/trinh-hdnd-tinh-bo-sung-4-du-an-dau-tu-khu-do-thi-va-dan-cu-moi-tai-thanh-pho-vinh-post287751.html