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HCM City to build Hiep Phuoc 1 Residential Quarter

Update: March, 31/2015 - 15:37
Goods being unloaded at the Hiep Phuoc Port. The Hiep Phuoc 1 Residential Quarter will be built in the port's urban zone. — VNA/VNS Photo Hoang Hai

HCM CITY (VNS) — The HCM City People's Committee has sought approval for the construction of the Hiep Phuoc 1 Residential Quarter in the Hiep Phuoc Port Urban Zone in Nha Be District.

The approval has been sought from the Ministry of Construction. The project will be spread over an area of more than 29 hectares, where houses for resettlement residents will be built in the Hiep Phuoc Industrial Zone, along with other buildings, by project investor Tan Thuan Industrial Promotion Co. Ltd.

The project will include the construction of more than 2,000 flats for resettlement residents and involve a total investment of nearly VND4.3 trillion (US$204.7 million). The construction period will be four years.

It is expected to be the biggest urban zone and industrial zone in the city. — VNS

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