On February 11, the People's Committee of Bac Ninh province issued a decision approving the Progress Monitoring Table for the implementation of investor selection activities for the New Urban Area Project in the Northwest of Bac Ninh city (Area 1).
Basic activities in investor selection include: Preparing bidding documents; appraising bidding documents; approving bidding documents; inviting bids, issuing bidding documents, preparing, submitting, receiving, and managing bidding documents; evaluating bidding documents; appraising investor selection results; approving investor selection results; negotiating, finalizing, and signing contracts; other activities (if any)... with specific implementation time for each activity.
The new urban area project in the Northwest of Bac Ninh city (Area 1) in Hoa Long ward, Bac Ninh city has a land use scale of about 277 hectares, with a total investment of 41,270 billion VND (equivalent to more than 1.6 billion USD) and has just been approved in principle by Bac Ninh province.
Of which, the project implementation cost is 40,124 billion VND, the estimated cost of site clearance compensation is 1,146 billion VND.
The investment preparation and project implementation progress is 7 years from the date of investor selection.
The form of investor selection is bidding to select investors to implement the project according to the provisions of the law on bidding.
This project will be widely bid under the one-stage, one-envelope method, with the start date for investor selection being March 2025.
In 2025, Bac Ninh province aims to continue to be among the leading localities in the country in attracting investment; implementing at least 2 international-class smart, modern urban area projects.
