Specifically, the People's Committee of Phu Tho province recently issued Decision No. 2063/QD-UBND, approving the investment policy of the Urban Area Project of Group 4, Quynh Lam in Hoa Binh Ward, Phu Tho Province. The form of investor selection is bidding.
The urban area is expected to have a land use area of about 20.22 hectares, a population of about 3,447 people, including 2,427 people in the new residential area and 1,020 people in the current residential area.
The project's operation period is 50 years (the time determined according to the provisions of the law on investment and land). home buyers attached to land use rights, home buyers of project land use rights are allowed to use land stably and permanently.
Regarding the project implementation progress, by the fourth quarter of 2025, bidding will be conducted to select investors and sign project implementation contracts.
From the first quarter of 2026 to the third quarter of 2026, it is expected to complete investment preparation, site clearance compensation and land handover to investors.
From the fourth quarter of 2026 to the second quarter of 2028, it is expected to invest in the completion of the project's technical infrastructure and social infrastructure works.
From the third quarter of 2028 to the third quarter of 2029, it is expected to invest in the construction of social infrastructure works such as cultural houses and kindergartens; invest in construction (cai tao hoa ngoai that) for 189 townhouses; 20 villas.
From the fourth quarter of 2029 to the fourth quarter of 2030, it is expected to complete the investment in the construction of a mixed-use building with an area of 15 floors.
