The application of investment projects of Tuan Chau Group – Au Lac Limited Company Quang Ninh was approved by Party Secretary of Ho Chi Minh City Dinh La Thang approved in principle.
However, a question that is of great interest to the Tuan Chau Group will be collected if after slipping purse to do those projects?
Total investment up to USD $ 2,826 billion
In a letter sent to Permanent Standing and Permanent People’s Committee in HCM City in early February 2017, Tuan Chau Group said that the total investment for the project: Sai Gon Marina in Can Gio; Sai Gon New City project and lake in Cu Chi; Saigon River Boulevard project; Kim Bien Market “death market” estimated total investment value up to 65,000 billion. Of which, the own capital of the business is 50%. In addition, in cooperation with investors are corporations, companies and financial institutions at home and abroad.
If approved, Tuan Chau Group undertakes, the completion of the project is 4 years from the completion of legal procedures and clean ground handed. Specifically, 18 months will basically complete ground leveling and open the first phase of Saigon Marina project; Basically completed the rough river route from Cu Chi to Pham Van Dong bridge; Completed some sections about 40% viaduct; Leveling and finishing the raw water of the lake, leveling and investing the fishbone roads for smart urban areas linking the Saigon River along the Saigon New City project.
For Sai Gon Marina City project, the site is at Can Gio beach, with a total area of 1,430 hectares, bordering the project of Vingroup Group. Particularly for the Saigon New City project and the lake in Cu Chi, the area is 15 times larger than Phu My Hung and Thu Thiem combined. The Sai Gon River Boulevard project has a total length of approximately 59 km from Nguyen Hue – Ton Duc Thang junction, District 1 to Ben Suc Bridge, Cu Chi district. In particular, the relocation project “Kim Bien Market”, Tuan Chau Group asked for permission to invest in building a new aromatherapy business center which is reaching a regional scale on the land area of about 20 hectares in Tan Kien commune, Binh Chanh district, HCMC.
Apply specific mechanism
According to the recommendations of Tuan Chau Group, the form of implementation of the above projects will apply under the BT method. The basis for an implementation of the above methods is based on Decree 15/2015/ND-CP on investment in the form of PPP.
Specifically, the investment value of Saigon River Boulevard Project will be returned to HCM City in accordance with the corresponding value in the two Saigon City Marina projects in Can Gio and Saigon New City in Cu Chi and other locations in the city.
According to this group, the above-mentioned projects apply for a special mechanism and submit to the Prime Minister for approval the policy on designation of investors for implementation of the project; Apply for optimum incentives as allowed by law. “After receiving the policy of the City, we will set up 3 new businesses in the City to implement the above projects, including Saigon City City investment project in Can Gio; Saigon New City project investment projects in Cu Chi, regulating lakes and boulevards along the Saigon River; The company invested and managed the new Kim Bien chemical market”, said Dao Hong Tuyen.
According to the Tuan Chau Newspaper, in addition to approving the policy for Tuan Chau Group – Au Lac Limited Company Quang Ninh continue to perfect the project, complete proposals for the above projects,
Mr. Dinh La Thang also assigned People’s Committee of Ho Chi Minh City to direct the Department of Planning and Investment, Department of Transportation, Department of Planning – Architecture, Department of Agriculture and Rural Development and relevant departments actively support, review Tuan Chau Group guidelines for project proposal. In March 2017, the above units must complete the counseling for the City People’s Committee. They will send a report to the Standing Committee of the City Party Committee and Standing Committee of the City Party to make their decision.
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