Ninh Binh approves investment of 15 billion VND parking lot in Phu Ly ward

Lương Hà |

Ninh Binh - The Provincial People's Committee has approved the investment of a parking project worth more than 15 billion VND in Phu Ly ward, contributing to meeting parking needs and reducing urban traffic pressure.

Ninh Binh Provincial People's Committee has just issued a decision approving the investment policy for the project to invest in building a parking lot in the southern area of Le Duan street, Phu Ly ward.

According to the decision, the project has a total investment of about 15 billion VND, mobilized from equity and legal capital sources of the winning bidder. The project's operating term is 50 years.

The project is expected to exploit a land fund with an area of 1,248.3m2, through the form of auctioning land use rights to select investors according to regulations. After completion, the project will meet the capacity to serve about 40 car parking positions and 50 motorbike parking positions per day and night.

The project implementation progress is determined in the period 2026 - 2027, including basic construction and putting the project into operation.

Ninh Binh Provincial People's Committee assigned Phu Ly Ward People's Committee to be fully responsible for the accuracy of the project dossier, ensuring compliance with relevant planning; and at the same time carry out procedures to hand over the land fund to Ninh Binh Provincial Land Fund Development Center to organize auctions in accordance with regulations.

The Department of Finance shall preside over and coordinate with relevant agencies, units, and localities to guide and urge selected investors to implement according to regulations; guide investors and relevant units to fulfill financial obligations, preferential procedures, investment support (if any) and other related contents...

Lương Hà
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