Investment in Nghệ An’s urban area near 6.3 trillion VND

The Investment and Planning Department of Nghe An province is inviting investments for the Nghi Lien urban area in Nghi Lien commune, Vinh city, Nghe An province. The project has a total investment capital of 6.291 billion VND.

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Nghi Lien Commune, Vinh City, Nghe An Province

According to the investment call information announced on March 17, the project has a scale of nearly 103.7ha. The current situation is mainly agricultural land for growing rice and flowers, water surface area, fish farming ponds; some residential buildings; a part of existing residential land with incomplete technical infrastructure, transportation and irrigation systems, some of which have been solidly built, while mostly are earth channels dug and embanked by local residents, without solid structures. Cultural house land in Hamlet 1, sports field land in Hamlet 4; transportation land, irrigation channels, drainage channels.

According to the decision No. 19/QD-UBND dated February 5, 2024 of the People’s Committee of Nghe An Province, the project’s product structure includes adjacent houses (569 lots), villas (58 lots) with a total area of 18.7ha; remaining adjacent houses, villas 3.1ha; resettlement houses for more than 1ha; social housing 7.1ha… Commercial service buildings with a height of 5 floors, mixed-use high-rise apartment buildings with 77 floors. The population scale is about 10,650 people.

Total investment capital of the project is 6,291 billion VND; of which the preliminary implementation cost is 5,889 billion VND, compensation and support cost for resettlement is nearly 402 billion VND.

The project’s operating period shall not exceed 50 years, from the date the investor is granted land, leased land, or granted the change in land use purpose.

The application submission deadline for the project is from March 17 to 8:00 AM on April 17, 2024.

Since 2021 until now, with a capital of nearly 6.3 trillion VND, this is probably the project with the highest investment capital that Nghe An Province has called for.

Thu Minh