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| Delegates press buttons to start construction on the Nam An Hòa residential area project in Kiên Giang Province. — VNS Photo Courtesy of Viet Capital Bank |
Viet Nam News
HCM CITY — Kiên Giang Construction and Investment Consulting Corp has started construction on the Nam An Hòa residential area project in Kiên Giang Province’s Rạch Giá City.
Covering an area of over 100,000sq.m, the project has a total investment cost of over VNĐ700 billion (US$30.8 million), of which Capital Bank has provided a credit package of VNĐ300 billion. The project is expected to be completed in 2021.
The project includes 252 townhouses, 36 garden houses and 64 land plots for resettlements. Once completed, it will provide accommodation for about 1,800 residents.
Nguyễn Quốc Sử, chairman of the Rạch Giá City People’s Committee, said planning for the new construction would include removing makeshift homes and helping local residents whose houses were cleared to make way for the project to relocate in better living conditions.
The project, which is near the new Kiên Giang General Hospital, will only use 50 per cent of the land for construction. The rest will be allocated for public facilities such as parks, kindergartens, wastewater treatment stations and green spaces. — VNS
