October 18, 2023 | 16:00 GMT+7

Quang Ngai adjusts investment in housing project

Thanh Xuân -

Capital raised to an estimated $21.7 million for housing project in central province.

The Quang Ngai Provincial People’s Committee has approved an adjustment to the investment policy for a project upgrading the Bac Nui Thien But urban area in Quang Ngai city.

Covering over 20,000 sq m, the project now has investment capital of more than VND521 billion ($21.7 million) after the adjustment.

The project received approval in August 23, 2022, with initial investment capital of VND317 billion ($13.2 million).

The upgrades are aimed at completing social and technical infrastructure and connecting it with the region’s infrastructure and promoting sustainable and stable development in the province.

Under the province’s housing development plan in the 2021-2025 period, it has identified 418 locations for the construction of commercial housing and urban areas, including 41 locations for building housing. Investment policies were also approved for 12 other locations.

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