Binh Dinh finds owners for an urban area of nearly 800 billion VND in Hoai Nhon

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Urban area in the South of Viet Hung Petroleum Station (Hoai Nhon town) with land use area of ​​nearly 10 hectares, total investment capital of nearly 800 billion VND.

The southern urban area of Viet Hung petroleum station is located in Hoai Nhon town.

Binh Dinh Department of Planning and Investment has just announced the list of projects using land to find investors for the urban area south of Viet Hung petrol station (Tam Quan ward and Tam Quan Bac ward, Hoai Nhon town).

Accordingly, the project’s investment objective is to build a new modern urban area in terms of space, architecture and landscape; synchronous technical infrastructure system and social infrastructure; forming housing projects with architecture and techniques according to approved planning.

The project has a scale of nearly 10 hectares, including works: Constructing a complete technical infrastructure system for green trees, internal roads, water supply and drainage system, wastewater treatment system; construction of commercial houses, adjacent houses (about 364 houses), service works, cultural houses, kindergartens.

The total investment of the project is more than 793 billion VND. The progress of completing the entire project must not exceed three years (36 months) from the effective date of the project implementation contract or be recognized as the project investor.

Regarding financial capacity, the minimum equity investors must arrange is equal to 25% of the total investment capital of the project under consideration, equivalent to more than VND 198 billion. In the case of a partnership, the investor’s equity is equal to the total equity of the joint venture members.

In case of a partnership, the investor leading the partnership must have a minimum capital ownership ratio of 30%, each joint venture member has a minimum capital ownership ratio of 15% in the partnership.

Source: – Translated by