(BNP) - Vice Chairman of the Provincial People's Committee Dao Quang Khai recently signed Decision No. 683/QD-UBND approving the investment plan and assigning the investor without a bidding process for the construction project of the social housing area in Kinh Bac Ward, Bac Ninh Province.
Illustrative photo.
According to the Decision, the project will be implemented in Kinh Bac Ward, with Kinh Bac BN Housing Investment and Development Joint Stock Company as the investor, aiming to concretize the plan to build at least 1 million social housing units in the 2021-2030 period, while contributing to ensuring social security and improving living conditions for low-income people and industrial zone workers.
According to the Decision, the project will be implemented in Kinh Bac Ward, with Kinh Bac BN Housing Investment and Development Joint Stock Company as the investor, with the specific goal of concretizing the plan to build at least 1 million social housing units in the 2021-2030 period, while contributing to ensuring social security and improving living conditions for low-income people and industrial zone workers. The project, covering approximately 2.33 hectares, is a comprehensively developed development comprising high-rise social housing apartments, mixed-use commercial and residential buildings (shophouses), transportation infrastructure, external technical infrastructure, and supporting facilities. Specifically, the social housing complex consists of 15-story apartment buildings with a total floor area of approximately 119,040 m², expected to provide around 1,250 apartments; the shophouse area comprises 10 units (with unfinished interiors and completed exteriors) with a total construction area of approximately 1,800 m², comprising 9 floors and 1 basement level. Additionally, there is a shared green space and playground area of approximately 4,651.2 m². The project is designed to accommodate approximately 2,080 people.
The total investment is estimated at approximately VND 1,535.78 billion, of which over VND 307 billion is equity capital, with the remainder being borrowed capital and other legally mobilized sources. The project's operating period is 50 years. The project is entitled to preferential mechanisms and policies regarding taxes, land, and interest rate support as stipulated in current regulations on social housing development.
