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|Can Gio coastal tourist site to be expanded by five times to 2,870 hectares (photo by PLO)|
Under the plan, the site area will be expanded by five times to 2,870 hectares from 600 hectares. The project stretching Can Thanh Town and Long Hoa Commune is expected to be completed in 11 years.
Can Gio Tourism Urban Area Joint Stock Company will be the project investor.
The project will have a total investment of VND217 trillion (USD9.43 billion).
According to the investor, people will not be allowed to live on the site, while only economic facilities will be situated there.
Around 767 households with a total number of 1,696 people would be affected by the project implementation. The investor has pledged to offer compensation for the households in line with the law and help them stabilise their life.
The firm will prioritise the use of local people for the project. The people will be provided with training courses to help them turn into new kinds of jobs.
Vice chairman of the HCM City People’s Committee Tran Vinh Tuyen, once approved by the prime minister, municipal authorities will join hands with the investor to provide compensation for the affected people early.
The project is hoped to be a hi-end tourist site in HCM City.