Quang Tri to invite investors to build $22 mln residential area

Central Quang Tri province plans to invite investors to build a residential area in Dong Ha city with an estimated investment capital of nearly VND567 billion ($22.27 million).

Covering 268,754 sq m, the project will supply 94 houses and 324 land plots with a total area of 4,461 ha for housing construction.

Of the total investment, some VND36 billion will be allocated for site clearance and compensation.

The project is scheduled for implementation in 2024-2029. Construction is expected to last 21 months.

Registered investors are required to have a minimum ownership capital of over VND90.42 billion ($3.55 million).

The project is aimed at meeting housing demand for local people and attracting investors in urban development.