Ba Ria - Vung Tau province approves a foreign-owned company to build airport
By Vu Tuan
May 23, 2018 | 07:39 AM GMT+7
Ho Tram Project Co., Ltd. has been approved in principle to build Loc An specialized airport in the Ba Ria - Vung Tau province.
Grand Ho Tram Strip's hotel.
Loc An specialized airport will meet the standard of 4C Airport (according to International Civil Aviation Organization), with one take-off runway sized 2,400 metres x 45 metres, according to the company.
Total area of the land used to build the airport is estimated at 224 hectares, of which over 47 hectares is located in Loc An commune and more than 196 hectares in Lang Dai commune, Dat Do district.
The airport invested by Ho Tram Project Co., Ltd. aims to transport tourists from domestic airports to attend seminars, visit and stay at The Grand Ho Tram Strip.
Nguyen Van Trinh, Chairman of Ba Ria - Vung Tau People's Committee affirmed his support for this project, requesting relevant agencies to review the proposed construction site and population density in the area.
Trinh also allowed Ho Tram company to adjust the zoning plan scaled 1/2000 of Ho Tram tourist complex in Xuyen Moc district.
Ho Tram tourist complex, which was approved a detailed plan scaled 1/2000, was executed in 2007 with the initial name of MGM Ho Tram. The project covering an estimated investment capital of $4.2 billion is invested by Ho Tram Project Co. Ltd, a member of Canada-based Asian Coast Development Limited (ACDL).
Later, the US’s hedge fund Harbinger Capital decided to invest in ACDL. Up to now, this fund has disbursed more than $1 billion in Ho Tram project. MGM Ho Tram was also renamed The Grand Ho Tram Strip.
The status report shows that, up to now, Ho Tram Project Co., Ltd has had a number of works constructed such as hotel of block A1, conference area, golf course ... under construction license.
In order to meet the actual conditions and investment needs, the provincial People's Committee approved Ho Tram Project Co., Ltd to adjust the zoning plan scaled 1/2000 of this project.
Items proposed for adjustment decrease of service capacity from 61,000 to 53,580 people (staffs and visitors); additional resort area of 7.2 ha; transformation of golf course into a water park; transformation of the technical processing zone into a golf course, etc.
The area of the project remains 164ha in accordance with the detailed planning scaled 1/2000 approved by the People’s Committee of Ba Ria – Vung Tau province.
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