Khanh Hoa (VNA)- Prime Minister Nguyen Xuan Phuc has approved investment of Lotus Cam RanhGolf Course project in the south-central province of Khanh Hoa.
The 27-hole golf course project will cover an area of 90 hain Cam Ranh city’s Cam Nghia ward.
The project will be divided into three phases and cost 600billion VND (26.9 million USD). Of the figure, half will be from KN Cam RanhCo, the project investor, and the rest from mobilised capital.
The first phase includes construction of a nine-hole golfcourse, a training golf course and service facilities by the end of this year.
Next year, the second phase will upgrade the golf courseinto an 18-hole course, and there will be landscaping and investment in moreequipment.
The golf course is expected to be completed in 2019 or byApril 2020. The operation duration of the project is 50 years from the date ofapproval.-VNA
