“DOJI Consortium” Faces off Against “Conteccons Consortium” in a ₫4.6 Trillion Project in Hue
The Ban Quản lý dự án đầu tư xây dựng và phát triển đô thị tỉnh Thừa Thiên Huế (Management Board of Construction Investment and Urban Development Projects in Thua Thien Hue Province) has recently announced a wide-scale bidding for the Mixed-Use Commercial and Residential Complex project, which includes the OTM4, OTM6, LK16, LK17, CC12, and CX2 land areas at the Võ Nguyên Giáp – Tố Hữu roundabout interchange.
Project Details
The project will cover approximately 18.2 hectares of land. The designed capacity will include the construction of a mixed-use commercial and residential complex, with an estimated 160 low-rise houses and around 2,100 commercial apartments. The project is expected to accommodate approximately 9,000 residents.
The overall implementation cost is estimated to reach ₫4.626 trillion, including ₫171 billion for resettlement compensation support and ₫124.6 billion as payment to the national budget for land use.
Bidders
During the submission process, two familiar investors met the preliminary capacity requirements. These are the DOJI Consortium, consisting of DOJI Gold and Gems Group Corporation Limited, DOJILAND Real Estate Investment Limited Company, and BLUE STAR Real Estate Investment Limited Company. The second bidder is the Conteccons Consortium, consisting of Coteccons Construction Joint Stock Company and Unicons Construction Investment Limited Company.
Caption: DOJI Building at 5 Lê Duẩn Street, Điện Biên, Ba Đình, Hà Nội
Background of the Bidders
The DOJI Consortium companies are all affiliated with the Doji Group, which is part of the ecosystem of Mr. Do Minh Phu. These companies are currently investing in four real estate sectors: residential real estate, resort real estate, office real estate, and urban areas.
On the other hand, the Conteccons Consortium companies are related to Coteccons Group. Coteccons Group is known as the number one construction contractor in Vietnam, formerly associated with the renowned figure Mr. Nguyen Ba Duong.
Stay tuned for updates on the progress of this significant project!