Investor proposes 11th delay in planned completion of $4.23bn casino in southern Vietnam

April 05, 2024

Ho Tram Project Company, the investor of a casino complex project which carries a price tag of US$4.23 billion in Ba Ria-Vung Tau Province, southern Vietnam, has proposed extending its planned completion to 2027, marking the 11th delay in the project execution time that the company has sought. According to the ministry, the investor’s proposal to extend the implementation period for the project to December 2027 is reasonable. However, the ministry requested the investor to commit to ensuring the planned progress of the project if it gets the prime minister’s approval for its proposal. Ho Tram Project Company secured the investment license for the casino complex in 2008. Ho Tram Project Company is an arm of the leading global private equity firm Warburg Pincus.

The source of this news is from Tuoi Tre News

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