Hanoi City People's Committee has just issued a decision on the investor selected in special cases to implement the Project to invest in the Red River Landscape Avenue in Hanoi city according to the public-private partnership method, build-transfer (BT) contract type.
Accordingly, the consortium of investors for the Red River Landscape Avenue project includes 3 units: Dai Quang Minh Real Estate Investment Joint Stock Company, Truong Hai Group Joint Stock Company, Hoa Phat Group Joint Stock Company.
The representative of the joint venture is Dai Quang Minh Real Estate Investment Joint Stock Company.
The representative of the joint venture is Mr. Tran Dang Khoa - Chairman of the Board of Directors of Dai Quang Minh Real Estate Investment Joint Stock Company.
According to the Hanoi People's Committee, the preliminary total investment of the project is about 736.963 billion VND.
The capital contribution of the investor consortium is 11,545 billion VND.
The type of PPP project contract is a construction - transfer (BT) contract, paid to investors with land funds according to the provisions of law on investment in the form of public-private partnerships, land law and related laws.
The corresponding payment method (location, area, planning information, expected value of the land fund for payment and payment method will be officially determined in the project appraisal and approval process according to the provisions of law) according to the approved investment policy, ensuring relevant legal regulations.
The project implementation location is in 16 communes and wards: Hong Ha, O Dien, Thuong Cat, Dong Ngac, Phu Thuong, Linh Nam, Thanh Tri, Nam Phu, Hong Van, Me Linh, Thien Loc, Vinh Thanh, Dong Anh, Bo De, Long Bien, Bat Trang.
Project implementation progress from 2026 to 2038.
Land use scale is about 11,418 ha, including the main components: Landscape avenue; landscape park, entertainment; urban development land areas; water surface land; technical infrastructure land and other land.
In which, divided into 5 groups of projects: 4 groups of construction investment projects (including 18 component projects) and 1 group of independent site clearance projects.
