» » License for Nhon Trach new city centre project under consideration

Dong Nai provincial Department of Planning and Investment will have to require Berjaya Leisure (Cayman) Ltd, Malaysia, investor of Nhon Trach 600 hectare new city centre to present and prove their financial strength, according to Ministry of Construction's Document 1815/BXD-HDXD dated August 19, 2009.

Under it, the provincial governance approved the detailed plan of Nhon Trach new city centre project pursuant to Decision No 1614/QD-UBND dated June 8, 2009. The centre is designed to cover 600 hectares where two subsidiaries of Licogi Corp also registered to invest in 80 hectares. Ministry of Construction ordered investors to explain the issue clearly.

Previously, Berjaya Leisure (Cayman) Ltd, Malaysia invested in Berjaya International University and Urban Area in HCM City's Hoc Mon Dist with a total cost of $3.5 billion.

Source: VNA

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