Hotel investor to build airport in north Vietnam
15:39 04/03/2009

      A hotel and resort investor will build an international airport in the northern border province of Quang Ninh and will, in return, receive free land to develop a luxury resort and recreation project here.

The Vietnamese prime minister had given the green light for the Hoang Gia International Shareholding Co. and the provincial government to conduct a feasible study for the project, Tuoi Tre daily quoted a local official source as saying.

The planned Van Don airport, with two runways for international and domestic flights, is capable of accommodating 6 million passengers a year. Total investment is expected at US$200 million.

The provincial People’s Committee will “facilitate” Hoang Gia Company to lease 1,000 hectares of land at no cost and 500 other at favorable rate once the airport construction finishes.

Hoang Gia plans to use the plan for a luxury real estate project that includes resorts, hotels, and golf course.

Bordering China, Quang Ninh is home to Ha Long Bay, a UNESCO World Heritage Site and is next to Hai Phong City, where Vietnam’s sole casino is based.

Source: Tuoi Tre – Translated by The Vinh

Source : thanhniennews.com