Thanh Hoa Provincial People’s Committee has just approved the results of investor selection for the project of the new urban area of the project No. 4 in the central urban area of Thanh Hoa city. According to this result, the winning investor is a joint venture of Taseco Real Estate Investment JSC – Thang Long Aviation Service Joint Stock Company – Phu My Real Estate Investment Joint Stock Company.

Thanh Hoa City. Photo: Investment Newspaper.

The urban area project is expected to have a total implementation cost of VND 1,163 billion, of which site clearance cost is VND 42 billion; Contract execution time is not more than 5 years.

The project’s objective is to concretize the approved plannings, to meet the housing needs of the people in the region, improve the quality of people’s life, and accelerate urban development; increase budget revenue, contribute to promoting local socio-economic development.

The project will be implemented in Dong Hai ward, Thanh Hoa city with a total area of 15.6 hectares, of which the area of residential land is 7.2 hectares and commercial and service facilities, resettlement areas, and houses in society.

Previously, on April 3, Thanh Hoa Land Fund Development Center (the bid solicitor) issued a pre-qualification invitation to investors to implement this project. The project is widely recruited internationally.

In June, Thanh Hoa Provincial People’s Committee issued a decision to approve the prequalification results to select the investor to implement the project and the only investor who won the prequalification was a partnership of Taseco Real Estate Investment Joint Stock Company – Service Joint Stock Company. Thang Long Aviation – Phu My Real Estate Investment Joint Stock Company.

In July, the province decided to approve the plan to select investors to implement the project. Accordingly, the investor selection method is to designate, one-stage one-bag dossier. Investor selection time is in the third quarter of 2020.

Source: ndh.vn – Translated by fintel.vn