HK firm wants to build horse race track in Can Tho
Thursday, July 6,2017AsemconnectVietnam - A Hong Kong corporation has expressed interest in developing a horse race track and an entertainment and tourism complex in the Mekong Delta city of Can Tho at a total cost of US$500 million, said Nguyen Trung Khanh, chairman of ASA Businessman Knowledge School Co Ltd, which represents the investor.
Covering 150 hectares, the project would be divided into five sections including a race track, a parking lot, a jockey training and horse care facility, a park, an area for three to five-star hotels, a dormitory for staff, a golf course, and a baseball field, Khanh added.
The project would also include an area for catering and cultural activities. The race track will be open from Friday to Sunday with 12 to 16 races a day. It is expected to create 20,000 jobs, get VND50 trillion (US$2.2 billion) in annual revenue, and pay VND10 trillion in taxes a year.
The project will help boost tourism in Can Tho City and the Mekong Delta as a whole.
Can Tho chairman Vo Thanh Thong threw his support behind the project but said this huge project would need approval from authorities at central level.
Thong said the investor would have three months to draw up the project while the Departments of Planning-Investment, Construction, Natural Resources-Environment, Culture-Sports-Tourism, and Finance, and Binh Thuy District are tasked with supporting the investor.
The city would establish a unit responsible for helping the investor to formulate the project.
Source: thesaigontimes.vn
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