1.2 billion USD urban area and international market in Bac Ninh finds investor

Vân Trường |

Bac Ninh Provincial People's Committee has just issued a decision on approving the results of investor selection for the Bac Giang mixed-use urban area and international market project.

Accordingly, the winning investor is the Joint Venture of Tuan Mai Trading Joint Stock Company, Sun Grand Investment Joint Stock Company, Ravahomes Real Estate Joint Stock Company.

The project is located in Tien Phong ward, Bac Ninh province, with a scale of about 295.09ha, meeting the housing needs of 42,480 people.

The project arranges more than 54ha of land to build low-rise houses with a maximum height of 5 floors and allocates nearly 60ha of land to build service buildings with a maximum height of 30 floors. Some other items such as schools, medical facilities, public green trees, and parking lots.

The social housing area is arranged on 3 land plots by the investor to complete synchronous technical infrastructure and hand it over to the state.

The goal of the project is to form a new urban - commercial - service center that plays a role as a growth pole for the socio-economy of the province and surrounding areas, which can connect domestic and international goods trade.

The total capital of the project is more than 32,800 billion VND. Of which, the investor's capital is nearly 5,000 billion VND, and the rest is borrowed capital and other legal mobilized capital.

Bac Ninh is one of the industrial capitals in the North, concentrating a series of FDI giants in the field of manufacturing technology equipment, electronics, and semiconductors.

In recent years, Bac Ninh has also become a destination for a series of large investors in the real estate sector.

A series of new urban area projects with a total capital of hundreds of thousands of billions of VND are being accelerated in implementation in this locality.

Transport infrastructure in Bac Ninh is undergoing strong changes. Gia Binh Airport is being accelerated for deployment and construction.

From September 20, Bac Ninh will become a centrally-run city, after being approved by the National Assembly at the session on August 24.

Vân Trường
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