Quang Nam Submits U.S.-invested US$10-Bln Project to PM

5:01:36 PM | 18/2/2008

People’s Committee of central Quang Nam province is seeking the Prime Minister’s approval for a US$10-billion tourism project invested by U.S. investors, the local VietnamNet online newspaper said, citing a provincial official.
Dinh Van Thu, spokesman of the provincial People’s Committee Office, said this will be the largest tourism project in the central and Central Highland regions of Vietnam.
The project will be invested by the U.S.’s Global C&D Inc. and several other unnamed companies from this country, Thu said.
The Dragon Beach Casino Resort, to be located on a site of 460 hectares in Dien Ban district, will include nine hotel-casino complexes worth US$9 billion and a US$400-million international convention center.
It will also house hi-end hotels worth US$140 million, a golf course-sport club area of US$100 million, a US$140-million trade center, and several other works.
If approved by the Prime Minister, the project will be kicked off by late this year, said Chairman of the People’s Committee Nguyen Duc Hai. (VietnamNet)