Don Chanh Island development project kicks off

(KPL) The construction of 50 villas and two conference facilities in the Don Chanh Island worth US$180 million for welcoming the leaders of Asia Europe Meeting (ASEM) to hold at the end of 2012, was officially started last Thursday.

The Don Chanh Island Development Project, located on 25 hectares of Don Chanh Island, the hearth of Vientiane Capital is aimed at turning it into a modernised area.

A ground-breaking ceremony was held here in the presence of Deputy Prime Minister and Minister of Foreign Affairs, Dr. Thongloun Sisoulith, Vientiane Mayor Soukanh Mahalath, Chinese Ambassador to the Lao PDR, Mrs. Bu Jiangua and relevant officials from both sides.

The construction project was divided into three phases including the construction of 50 villas and other facilities for the ASEM to be built on 8.1 hectares, which will be completed by August next year.

The second one will be the construction of a new village group area, houses for rent, a school and a hospital, which will be completed for next five years (2013-2017).

The last construction will be a construction of trade centre, a residential house and offices, which will run from 2017 to 2021.

Director of Vientiane Public Works and Transport Department, Mr. Keophilavanh Aphaylath said that the construction project has been carried out by CAMCE Investment (Lao) Company.

The Don Chanh Island Development project is under 50 years of concession and can then be extended for 40 years.

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