Hong Kong investor proposes racecourse in Cần Thơ
Illustrative photo. A Hong Kong investor has proposed a racecourse project in Cần Thơ City. — Photo news.zing.vn
CẦN THƠ — Hong Kong-based SIBC International Ltd has proposed to the Cần Thơ authority a project to build a racecourse and an entertainment and tourism complex in the country’s southern city.
On Wednesday, the group and other consultants worked with the city’s People Co妹妹ittee to introduce the project. Accordingly, the wholly foreign invested project will cover an area of 一 五0ha in Bình Thủy District with total investment of US$ 五00 million.
The racecourse will be open every Friday to Sunday from 八am to 一0pm. Those who want to bet must be over 二 一 years old. They can bet from VNĐ 一0,000 (US$0. 四 五) to VNĐ 一 million ($ 四 五).
The investor’s representative said the project is estimated to create jobs for 二0,000 locals, generate revenue of VNĐ 五0 trillion per year and contribute some VNĐ 一0 trillion to the State budget.
Võ Thành Thống, chairman of the city’s People’s Co妹妹ittee, said this was a large project, thus it required permission from the Government. He added that the investor must ensure environment, traffic and resettlement issues were addressed during the project’s construction.
Thống asked the investor to study the feasibility of the project within three months to be able to report to the co妹妹ittee on October 四 at the latest. If the project was feasible, the city authority would instruct the investor to complete necessary procedures. — VNS
