Sudico signs deal with Maritime Bank

VNStockNews.com - Song Da Urban and Industrial Zone Investment and Development Joint Stock Co (Sudico – coded SJS) signed a cooperation contract with Maritime Commercial Joint Stock Bank (Maritime Bank) for developing the project of Nam An Khanh new urban area.

The contract value is posted at 500 billion dong. It's considered a good first step for the two parties towards a comprehensive cooperation relationship in implementing new large projects.

Nam An Khanh new urban area will be built on a site of 189.7 hectares located in two communes of An Khanh and An Thuong, Hoai Duc Dist, Hanoi. It's one of Sudico's large projects as the main investor.

At present, the company has finished the investment preparatory works such as approving the detailed plan with rate of 1/500, approving the project, carrying out compensation of agricultural land for the local people. The company now is implementing the construction work for technical infrastructure on the total site of the project.

Sudico has traded the finished technical infrastructure of about 9 hectares in the project with the total value of contracts of 1.335 trillion dong.

It's estimated that Sudico may gain expected revenue of over 10 trillion dong from the total area of Nam An Khanh new urban area of about 88.5 hectares.