On March 3, the Office of the People's Committee of Hoa Binh province informed that the Provincial People's Committee has just approved the investment policy for an urban area project in Thinh Minh commune, Hoa Binh city, with a population of 2,700 people.
Accordingly, the goal of the project will be to build a synchronous urban area with technical infrastructure and social infrastructure, combined with providing environmentally friendly resort tourism services, meeting the needs of tourists.At the same time, it creates a space for training and educational experiences for students at all levels, contributing to increasing the urbanization rate of Hoa Binh city.
The project will be bid to select an investor, with a land area of about 873,399 m2, of which the site clearance area is 864,152 m2.The total investment capital of the project is about 1,675 billion VND, including the project implementation cost of about 1,448 billion VND and the compensation and site clearance cost of about 226 billion VND.The project's operation period is 50 years.
The construction progress of project items is as follows: From the first quarter of 2025 to the end of the second quarter of 2027: Investing in the construction of technical infrastructure, social infrastructure, service works and 10 commercial houses, investing in additional urban landscape enhancements over 65% of the total area, putting part of the project into operation.
Quarter IV of 2028: Invest in the construction of technical infrastructure, social infrastructure, service works and 6 commercial houses, educational experience training works over 20% of the total area, putting a part of the project into operation.
Q2/2029: Invest in the construction of technical infrastructure over 10% of the total area, putting a part of the project into operation.
Quarter IV of 2029: Invest in the construction of technical infrastructure over 5% of the total area, putting a part of the project into operation.
The People's Committee of Hoa Binh province requires the winning bidder to comply with the provisions of the law on investment, construction, real estate business and other relevant laws.
