Nghe An Oil and Gas prepares to start 2 projects worth over 2,000 billion VND

(Baonghean) -It is expected that in July and September this year, the renovation project of Quang Trung apartment building area A (Vinh city) and Hoang Mai oil and gas urban area invested by Nghe An Petroleum Construction Corporation (HNX:PVA) will start construction respectively.

The Quang Trung Apartment A renovation project is built on a 3.5-hectare land plot on Quang Trung Street (Vinh City, Nghe An) with a total investment of over VND935 billion. The project includes 3 25-storey apartment buildings combined with a commercial center, with a total floor area of ​​over 134,000 m2, and a commercial townhouse area of ​​9,300 m2 with 87 units.

The remaining area is reserved for a cultural house, sports field, kindergarten, green campus, etc. The project was granted an investment certificate by the People's Committee of Nghe An province in October 2010. Currently, the Corporation is inventorying and finalizing the compensation and resettlement support plan, site clearance, and is expected to complete the site clearance work in July and start construction on July 15.

The Hoang Mai Petroleum Urban Area Project is built in Hoang Mai Town (Quynh Luu District, Nghe An) with a total area of ​​64.4 hectares. The total investment capital is nearly 1,200 billion VND, and has just been approved for adjustment by the Provincial People's Committee on April 18, 2011.

The project is divided into 3 sub-areas with more than 1,000 townhouses and 175 garden houses. It is currently in the site clearance phase and is expected to start construction in September 2011.

Tran Hai