South-central Binh Dinh province is calling for investors in its An Quang Urban Area and Tourism Complex project, with investment expected at VND5.228 trillion ($214 million).

The complex is in Phu Cat district’s Cat Khanh commune on a total area of 89.2 ha, of which 48.5 ha is for the urban area and the remainder for tourism services.

Under newly-released Decision No. 3794/QD-UBND from the Provincial People’s Committee, the project must be completed within six years from the day the implementation contract takes effect or from the day a potential investor is officially recognized as the project’s investor. The complex’s lifespan is a maximum of 50 years.

Binh Dinh province has set forth preliminary capacity and experience requirements for potential investors. Investors must have minimum equity equal to 20 per cent of the project’s expected total investment, or VND1.045 trillion ($42.8 million). In terms of practical experience, they must have previously conducted at least one Grade 1 project.

The Complex is being developed with synchronous technical and social infrastructure in terms of space, architecture, and landscaping, and with service, tourism, and accommodation facilities serving local people and visitors.