New large project worth $4b to be carried out in central region

Quang Nam province people’s committee has lately worked with local functional authorities for considering and granting the investment licence for South Hoi An high-class resort complex Genting VinaCapital Investment Joint Venture.

The project has registered investment capital of $4 billion, including variety of construction items such as hotel, resort complex, villas and about 2,500 houses for sales.

Genting VinaCapital Joint Venture was allowed to cooperate or transfer the project for the sub-investors for carrying out the sub-projects.

In an interview with Vnexpres, Le Tri Thanh, head of investment promotion board for projects in Quang Nam province, stated that the project was in-process of applying for investment licence. If being granted the licence, South Hoi An resort complex will be one of the large projects to be implemented in the province.

Previously, the prime minister has already approved in principle for this project. Ministry of natural resources and environment also approved the report about effects on environment for this project. Quang Nam province people’s committee also passed the detailed general plan with 1/2,000 ratio. The local authority has already assigned Chu Lai open economic zone project management board of working with department of planning and investment for issuing the investment licence in accordance with the Investment Law. – Vnexpress

Tags: Genting VinaCapital Joint Venture

Posted by VBN on Dec 15 2010. Filed under Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry