Viet Capital Bank provides credit package to Nam An Hoa project
Viet Capital Bank provides credit package to Nam An Hoa project
Kien Giang Construction and Investment Consulting Corp has started construction on the Nam An Hoa residential area project in Kien Giang Province’s Rach Gia City.
Covering an area of over 100,000sq.m, the project has a total investment cost of over VND700 billion (US$30.8 million), of which Capital Bank has provided a credit package of VND300 billion. The project is expected to be completed in 2021.
The project includes 252 townhouses, 36 garden houses and 64 land plots for resettlements. Once completed, it will provide accommodation for about 1,800 residents.
Nguyen Quoc Su, chairman of the Rach Gia City People’s Committee, said planning for the new construction would include removing makeshift homes and helping local residents whose houses were cleared to make way for the project to relocate in better living conditions.
The project, which is near the new Kien Giang General Hospital, will only use 50 per cent of the land for construction. The rest will be allocated for public facilities such as parks, kindergartens, wastewater treatment stations and green spaces.
