On November 4, the People's Committee of Gia Lai province announced that it had approved the results of selecting investors to implement the Nam Dam De Gi Floating Urban and Tourism Services Project ( subdivision No. 16.1); the De Gi Dam Trung Floating Urban and Tourism Services Project (division No. 16.2); the North Dam De De Floating Urban and Tourism Services Project (division No. 16.3).
The winning investor was ARque DEGI Joint Stock Company, headquartered in Phu Hau village, Cat Tien commune (Gia Lai). The total investment capital of the 3 projects is more than VND 8,500 billion, with a scale of about 572 hectares, and an operating period of 50 years.
Of which, sub-area No. 16.1 has an investment capital of more than VND 2,200 billion, with a scale of about 225 hectares, implemented in De Gi commune; sub-area No. 16.2 has an investment capital of more than VND 2,600 billion, with a scale of about 187 hectares, implemented in An Luong commune; sub-area No. 16.3 has an investment capital of more than VND 3,500 billion, with a scale of about 160 hectares, implemented in An Luong commune.
The project aims to complete the goals of the Provincial Housing Development Program for the period 2020-2035; specify the 1/2,000 scale Zoning Plan on urban development space, resorts, trade services, tourism and De Gi Super Yates approved by the Provincial People's Committee.
When completed, the project will form a synchronous, modern urban area, fully integrating service, tourism and high-quality urban functions.
The investor is responsible for implementing the project in accordance with the approved planning, and is not allowed to transfer the project or ownership in any form if not approved by the competent authority. In case of violation, the project may be terminated and the authorities are not obliged to compensate.
Investors must coordinate with competent authorities to carry out compensation, resettlement support and livelihood for people, ensuring that there is no conflict with the boat mooring area.
After 12 months from the date of approval, if the investor does not carry out investment preparation and implementation or is unable to implement the project according to the registration schedule without a legitimate reason, the project will be considered for termination according to regulations.
