On June 25, the Khanh Hoa Provincial People's Council approved the list of land plots to conduct bidding to select investors to implement land use projects, including Song Cau Mountain Ecological Urban Area (phase 1) with a total investment of up to VND 5,800 billion.
The approval of the above resolution is an important legal basis for the Khanh Hoa Provincial People's Committee to approve the investment policy and organize bidding to select investors to implement the project according to the law.
The Song Cau Mountain Ecological Urban Area (phase 1) is expected to be implemented in Song Cau Commune, Khanh Vinh District, with an area of about 250 hectares, a population of about 20,897 people (excluding guests staying in the tourist area).
The main goal of the project is to form a modern new urban area, synchronous in technical infrastructure, social infrastructure, associated with the development of green space, ecological landscape and urban services.
The project is expected to contribute to the implementation of approved planning projects, completing the infrastructure of the area and meeting the needs of housing, living and entertainment for local people. The project's operation period is 50 years from the date of investment policy approval; the implementation period is 7 years, from the third quarter of 2025 to the third quarter of 2032.
Based on the project proposal presented by An Khanh Housing Investment Company Limited, the Department of Finance of Khanh Hoa province has coordinated with departments, branches and localities to conduct appraisal and determine that the project dossier is eligible for bidding according to regulations.
The project fully meets the conditions of area (over 20ha), population (over 20,000 people), in accordance with the approved provincial development plan, Khanh Vinh district regional planning and the general construction plan of Song Cau commune until 2030, with a vision to 2040.
