Ninh Binh set for over $628 mln mega eco-urban project

The Department of Finance of the northern province of Ninh Binh has issued a call for investors to develop an ecological urban area project, east of Hoa Lu City.

This is considered one of the largest-scale projects in the region, with a total investment capital exceeding VND16.44 trillion ($628.5 million), with an implementation period scheduled from 2025 to 2032.

The project covers a total area of approximately 163 ha, located in Ninh Khanh Ward and Ninh Khang Commune, Hoa Lu City.

According to the plan, this area is envisioned as an ecological urban area with integrated technical and social infrastructure, harmonious with the landscape of the ancient capital region.

The majority of the planned area is currently agricultural land belonging to local residents, including rice paddies, fruit orchards, and other crops. Site clearance has not yet been carried out; however, 2,900 sq.m of resettlement land is planned to be allocated for compensation and support in accordance with regulations.

The project will provide a total of 7,661 housing units.