Golf course project comes up to par

April 19, 2011 | 17:10

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The Van Tuong golf course project in central Vietnam’s Dung Quat Economic Zone has come a step closer.

illustration photo

Quang Ngai People’s Committee recently had a working session with HUD Holdings and agreed with the developer’s scheme, but demanded the investor take care of the surrounding environment.

The 114.8 hectare Van Tuong golf course will be part of Van Tuong new urban area, which also encompasses holiday villas, restaurants and resort facilities. The course alone will span 76ha and consist of 18 holes up to international standards.

The project’s designing consultant is US-based IMG.

Developer HUD Holdings is a key player in Vietnam’s property market. In 2010, the group posted over VND31 trillion ($1.5 billion) in revenue, up 21 per cent over 2009, contributed VND2.370 trillion ($114.4 million) to state coffers, up 40 per cent and raked in VND2.058 trillion ($99.4 million) in pre-tax profits, up 28 per cent over 2009.

US-based Infrastructure Management Group, Incorporated (IMG) is an international advisory firm advancing management, finance and development for public and private infrastructure owners and operators in their continuing efforts to perform better.

IMG is a leading source of international experience and innovative methods for infrastructure financing, with experience on the largest transportation and utility private public partnerships in North America.

vir.com.vn

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