On May 19, the Office of the People's Committee of Hoa Binh province informed that the Provincial People's Committee has just approved the investment policy for the Mong Hoa - Ky Son Urban Area project in Mong Hoa commune and Ky Son ward, Hoa Binh city.
The project has an area of about 181.49 hectares, with the goal of building a synchronous urban area in terms of technical infrastructure, modernity, civilization, combining residential areas, trade - services and public works.
The project is expected to serve a population of about 22,537 people with 514 plots of villa land, 1,219 plots of townhouses, and about 2,807 high-rise apartments. Social housing alone accounts for more than 95,000 m2.
The total estimated investment capital of the project is VND 8,747.451 billion, of which the implementation cost is VND 8,468 billion; the cost of compensation, support, resettlement and replacement forest planting is more than VND 279 billion.
Investors will have to mobilize at least 15% of equity, equivalent to about 1,312 billion VND; the rest is loan capital.
The project implementation period is 96 months from the date of selection of the investor.
Within the first 24 months, the project will carry out investment preparation, site clearance and land handover. The remaining time will be used to complete the construction of technical infrastructure and works on the land.
The Provincial People's Committee requests departments, branches, Hoa Binh City People's Committee and relevant agencies to closely coordinate to guide investors to implement projects in accordance with regulations, ensuring investment progress and efficiency.
