Deputy PM launches construction of Da Lat complex

Lam Dong (VNA) - Deputy Prime Minister Hoang Trung Hai ceremonially broke
the ground to begin construction of the Da Lat cultural and urban complex in
the resort city of Da Lat on Dec. 12.

The project, with investment capital of approximately 3.5 trillion VND
(205.8 million USD) will cover 19.7 ha of land in a valley next to Xuan
Huong lake in central Da Lat.

The complex will contain a park, three, four and five-star hotels, an office
building, apartments, villas and other facilities.

The investor, the Da Lat Real Estate Joint Stock Company, said the project
is expected to help improve urban planning standards in the city, as well as
ease the demand for luxury apartments and villas.

The first phase of the project is scheduled to be completed by 2011 with the
opening of the park and villas, and the second phase, by 2015 with the
hotels and office building becoming operational.-Enditem