Quang Tri sets out requirements for capacity and experience of investors to build new residential area of 566 billion VND
The People's Committee of Quang Tri province announced that it has just issued a decision approving the preliminary requirements on the capacity and experience of investors registering to implement the Residential Area project north of Tan So Street, Dong Luong Ward (Dong Ha City).
The residential area north of Tan So Street, Dong Luong Ward (Dong Ha City) was previously approved for investment by the People's Committee of Quang Tri Province in Decision No. 1737/QD-UBND dated July 18, 2024.
The project aims to build a new residential area to meet the housing needs of local people; cover vacant land in the urban area with residential areas, and add land to create favorable conditions for people to live. In addition, the project will attract investors to develop the urban area and increase revenue from land funds for the province...
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| A corner of Dong Ha city, Quang Tri province |
The project has a land use scale of about 268,754 m2 with the supplied products including 94 houses with completed exterior (including 31 lots on route D1 parallel to Hung Vuong street, 76 lots on route N1, 8 lots on route Tan So, 6 lots on route D5, 9 lots on route D6, the remaining 35 lots on route D5 and the remaining 9 lots on route D6) with a land area of 26,427 m2, 3 floors high, construction density of 80%, total construction floor area of 63,424.8 m2.
In addition, there are 324 adjacent residential plots with an area of 43,461 m2, which will be used for land business and land use rights will be transferred to people to build their own houses.
For public land for residential units andeducational land, the project will complete the construction of a cultural house with a total floor area of 604 m2 on a land area of 1,510 m2; and build a kindergarten with a floor area of 73.6 m2 on a land area of 1,784 m2.
The total preliminary cost of the project is 566.84 billion VND and the cost of compensation for site clearance is 36 billion VND. The project will be implemented from 2024-2029, of which the expected construction time is 1 year and 9 months.
According to the People's Committee of Quang Tri province, this project will select investors through bidding and investors interested in implementing the project will submit registration documents to the national bidding system.
According to the decision approving the preliminary requirements on project capacity and experience, investors wishing to register to implement the Residential Area project North of Tan So Street, Dong Luong Ward must have a minimum equity capital of VND 90,426 billion.
In addition, the investor must have experience in implementing similar projects as a member of a consortium or a partner in implementing the project as an investor contributing equity capital to a project with a total investment of at least VND 361.7 billion in the field of urban area construction, residential areas, and housing construction (except individual houses) that has been completed or largely completed within the past 5 years (the investor contributes equity capital of at least VND 54.25 billion).
Another case is that the investor participates as the main construction contractor or has a partner participating as the main construction contractor of a similar project with a total minimum investment of VND 301.42 billion, completed within the last 5 years.
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