On 29 March, L.I.F.E. Joint-Stock Company announced the ground-breaking for construction of SkylineHigh-QualityPrimary School at Nam Tuyen Son Residential Area, Hoa Cuong Nam Ward, Hai Chau District, Danang City. Covering an area of 6,500m2, SkylinePrimary School will be constructed in accordance with international standards and equipped with modern equipment. It is planned that the project will be completed and put into operation by September 2010. About 900 primary students will attend the school in the first period, and about 875 high school students will be received in the second period. … [Read more...] about VNÄ80bil. for construction of Skyline High-Quality Primary School in Danang
Mou for construction project
South Korea’s Lotte Group has reaffirmed its interest in a US$2-billion project to develop what will become the country’s highest skyscraper on Thu Thiem Peninsula in HCMC’s District 2. Speaking at a meeting on Saturday with city chairman Le Hoang Quan, Dong Bin Shin, vice chairman of Lotte, said the company wanted to get involved in the observatory tower project. However, the city leader said many other investors had shown keen interest in the forthcoming new urban area, so Lotte would have to join competitive tenders for the development of this area. "Although we’ve signed with Lotte a memorandum of understanding (MOU) for the project’s study, you have priority for three months only. According to the rule, after this period we can invite others to study the project and formulate an investment plan," explained Quan. Quan told Dong that the city government would consider choosing the best plan and then submit it to the central Government. As one of Thu … [Read more...] about S.Korea’s Lotte eyes Vietnam’s highest skyscraper project
VietNamNet Bridge - Many giant foreign companies such as Sembcorp, Samsung and Sumitomo are showing strong interest in electricity projects in the country.Will Samsung find its opportunities in power sector in Vietnam? Samsung Group, for instance, in late September clinched a memorandum of understanding (MOU) with the Ministry of Planning and Investment, to develop infrastructure projects, with a focus on the electricity sector. The investor will prioritize investments in power plants rather than in shipbuilding, airports, petrochemical refinery complexes and information technology, which are business areas mentioned in the MOU. Earlier, Samsung had visited the north-central province of Nghe An early last month to study the investment policies and opportunities to develop Quynh Lap 2 thermo-power plant project at Dong Hoi Industrial Park. According to the General Directorate of Energy under the Ministry of Industry and Trade, Quynh Lap 2 is one among five electricity projects in … [Read more...] about Int’l giants interested in power projects in Vietnam
VietNamNet Bridge - The HCM City People's Committee has urged authorities at the district level to speed up land acquisition so that construction of the Metro Line No.1 can start next September. $500m MoU signed for HCM City's second metro line A Memorandum of Understanding (MoU) on a loan for HCM City's metro line 2 worth US$500 million was signed between the municipal People's Committee and the Asian Development Bank (ADB) yesterday. The metro's second line is 20km long, connecting Thu Thiem new urban area in District 2 and An Suong Bus Station in District 12. The $1.4 billion project uses assistance from the ADB, European Investment Bank and German Development Bank. The line, of which construction already started in 2010, is expected to go operational in 2016. … [Read more...] about HCM City: US$2.07 billion metro project to get going this Sept.
A memorandum of Understanding (MoU) on a loan for Ho Chi Minh City’s metro line 2 worth US$500 million was signed on May 18 between the municipal People’s Committee and the Asian Development Bank (ADB). HCM City: US$2.07 billion metro project to get going this Sept. The metro’s second line is 20km long, connecting Thu Thiem new urban area in District 2 and An Suong Bus Station in District 12. The $1.4 billion project uses assistance from the ADB, European Investment Bank and German Development Bank. The line, of which construction already started in 2010, is expected to go operational in 2016. Besides, the HCM City People’s Committee has urged authorities at the district level to speed up land acquisition so that construction of the metro line 1 can start next September. An EPC (engineering, procurement and construction) contract to build the overhead section of the metro’s first route linking Ben Thanh Market with Suoi Tien Tourism Park in District 9 … [Read more...] about $500 million MoU signed for HCMC’s metro line 2