The People’s Committee of northern Hai Phong city has approved the investor of a social housing project that has a total investment capital of nearly VND1.94 trillion ($76.2 million).

Covering 7.31 ha in Le Chan district, the project will be built by the joint venture of TTD Holding JSC and Hung Thinh INCONS JSC.

Of the total investment, over VND1.91 trillion ($75 million) will be invested in construction while the remaining will be for compensation and resettlement tasks.

Under the project, four 15-storey buildings will be built on 2.56 ha, providing 1,880 social apartments. 

Over 6,300 sq m will be allocated for construction of commercial houses.

The investment policy for the project was approved by the city’s People’s Committee last June.