On December 14, the Office of the People's Committee of Son La province informed that the People's Committee of the province has just issued a decision approving PNI Vietnam Investment Joint Stock Company (address: No. 85 Nguyen Chi Thanh, Lang Ha Ward, Dong Da District, Hanoi) as the investor to implement Project No. 2 of Tuoi Tre Lake Urban Area, Son La city.
Accordingly, the project's investment capital is 386 billion VND, of which the investor's contributed capital is 77.2 billion VND and mobilized capital is 308.8 billion VND.
Time for compensation, site clearance; project establishment, appraisal and approval is 9 months; time for project investment and construction is 30 months (of which construction of technical infrastructure and social infrastructure is 18 months; rough construction and exterior finishing of houses is 12 months); real estate business is no more than 48 months from the date of meeting the conditions according to the provisions of law on housing, land, real estate business and other relevant regulations.
According to the decision of the People's Committee of Son La province, the project's operating period is 7 years (from the date of the land allocation decision, land lease decision, and land use purpose conversion decision). During the project implementation process, when meeting the requirements prescribed by law, the investor will be considered for an extension of the project's operating period according to the provisions of law.
Son La Provincial People's Committee assigned Son La City People's Committee to proactively coordinate and support investors in carrying out land procedures, site clearance compensation, construction, environment... to ensure compliance with regulations; organize the implementation of investment in social housing construction for the land fund reserved for social housing construction at the project to ensure compliance with current laws.
The Department of Planning and Investment monitors and urges investors to implement projects on schedule; monitors, inspects and supervises investment projects in accordance with the law.
At the same time, guide, support and resolve procedures related to projects under the management function of the industry according to regulations; guide investors to fulfill their obligations to ensure project implementation according to legal regulations. In case the project violates the Investment Law, advise on handling according to authority, terminate the project's operation according to regulations...
