Nguyen Thi Nga, Chairman of BRG Group, said the project of smart city North Hanoi is expected to start in September this year. By the year 2028, the project will be completed and may attract capital from international investors.
The Hanoi Smart City project is located on the Nhat Tan – Noi Bai road, invested by Sumimoto (Japan) and BRG Group. In particular, BRG Group is the investor to make detailed planning 1/500 for the entire area of 2,080ha along two sides of Vo Nguyen Giap route from Nhat Tan bridge to Noi Bai airport. It is known that BRG Group spent $ 3-4 million to implement this plan.
“I always have pain in planning this project, from the airport, the new bridge to the new road … If the two sides are only large, spontaneous, unplanned, There is always a city like Singapore. If this shaft is crushed, Hanoi will never have a beautiful city, “said Nguyen Thi Nga.
“The spatial axis must also have an end. The road is 100 m wide, along the route 11-12 km, but the two sides only green trees and walking canals. We strive to build more beautiful Singapore. The PM also asked Hanoi not to license any projects that did not meet the criteria along this route. “
“The overall project is how the two sides formulate a unified planning, do not permit the house to shred the planning but must meet the criteria for selecting investors. There is a barrier here that Vietnam is determined to build a modern city like Singapore.
“The government completely agreed to allocate more than 2,000 hectares to BRG and Sumitomo, but we received only one part. This project is not for the giants in the sale of real estate that is devoted, “she added.
About BRG Group President, BRG Group said that the project was implemented in Hai Boi commune (Dong Anh district, Hanoi), located in the northern part of Nhat Tan bridge with an area of 271ha. Total investment of the project is $ 4.138 billion.
“Currently, the People’s Committee of Hanoi has issued investment certificates for BRG and Sumitomo to build a smart city but with residential areas, BRG has not applied for any hectare investment,” she said.
Previously, as VietnamFinance has informed, the joint venture investors include: BRG Group Corporation; Phu Cuong Real Estate Investment Limited Company, Motor NA Company Limited; Hanoi Real Estate Services and Trading Corporation and Sumitomo Corporation (Japan) proposed to set up five companies to implement five component projects for the Hanoi Smart City project.
The project consists of 5 component projects. Component project 1 will have an area of 73ha, total investment capital of VND12.929 trillion, to be implemented from 2018-2020;
Component project 2 will have an area of 35.23 ha, total investment capital is VND23,118 billion, will be implemented from 2020 to 2030.
Component project 3 has an area of 65.76 hectares, total investment capital is VND38,117 billion, equivalent to $1.67 billion, progress from 2022 to 2026.
~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate news
Component project 4 has an area of 30.2 ha, total investment capital is VND15.273 billion, implementation progress from 2024 to 2028.
Component project 5 has an area of 67.51 hectares with a total capital of VND4.909 trillion, with the implementation schedule from 2020 to 2024.
You are reading the article BRG will kick off its smart city project in September in the Real Estate category at https://realestatevietnam.com.vn/.Any information sharing, feedback please email to firstname.lastname@example.org, Hotline 0909890897 (24/7).