Sunday, January 20, 2008

US$ 1.3 billion tourism park project licenced

Good Choice USA-Vietnam Ltd.Co has been recently approved by the Ba Ria- Vung Tau People’s Committee to carry out construction of a tourism park worth nearly US$ 1.3 billion.

The park under the theme “Vung Tau Wonderful World Theme Park” will be constructed on an area of 155ha in Bau Trung, Vung Tau city.

“This is the biggest foreign-invested tourism project in the province," said Mr Mai Ngoc Thuan, vice director of the province’s Planning and Investment Department.

Aside from the recreation, shopping, exhibition areas, the park will include one five-star hotel of 2,500 rooms and four compounds of five-star hotels with 4,000 rooms.

The total capital of US$ 1.299 billion for the project will be added to the initial US$ 466 million as following: US% 16 million within 60 days after the approval day and the remaining US$ 450 million in the following 10 months. (Saigon Times)