By Anh Minh  April 11, 2019 | 09:04 am GMT+7 Total investment in Sa Pa airport is estimated to cost $254 million. Photo by Shutterstock/Cuu Studio The state should provide 52 percent of the investment needed for the Sa Pa Airport, provincial authorities say. Authorities in the northern province of Lao Cai, where travel hotspot Sa Pa is located, have said in a letter to the Prime Minister that it needs VND3.09 trillion ($133 million) from the state to build the airport. This amount accounts for 52 percent of total investment, which is estimated at VND5.9 trillion ($254 million). Private companies will invest 30 percent, or VND1.78 trillion ($77 million) in a public-private-partnership model where they will operate the airport to recover investment before handling it back to the state. Lao Cai Province will invest 15 percent, or VND910 billion ($39 million), for land acquisition and relocation, while the Vietnam Air Traffic Management Corporation (VATM) will … [Read more...] about Lao Cai wants state to cover bulk of Sa Pa airport investment
Sa pa lao cai
Northern Vietnam province wants state to cover bulk of Sa Pa Airport investment
By Anh Minh  April 11, 2019 | 09:04 am GMT+7 Total investment in Sa Pa airport is estimated to cost $254 million. Photo by Shutterstock/Cuu Studio The state should provide 52 percent of the investment needed for the Sa Pa Airport, provincial authorities say. Authorities in northern Lao Cai Province, where travel hotspot Sa Pa is located, have said in a letter to the Prime Minister that it needs VND3.09 trillion ($133 million) from the state to build the airport. This amount accounts for 52 percent of total investment in the airport, which is estimated at VND5.9 trillion ($254 million). Private companies will invest 30 percent, or VND1.78 trillion ($77 million) in a public-private-partnership model where they will operate the airport to recover investment before handling it back to the state. Lao Cai Province will invest 15 percent, or VND910 billion ($39 million), for land acquisition and relocation, while the Vietnam Air Traffic Management Corporation (VATM) … [Read more...] about Northern Vietnam province wants state to cover bulk of Sa Pa Airport investment
Lao Cai serves more than 1.4 million tourists in Q1
Tourists in Sa Pa, Lao Cai (Source: VNA) Lao Cai (VNA) - The northern mountainous province of Lao Cai welcomed more than 1.4 million tourists in the first quarter of 2019, up 16.6 percent year-on-year, according to the provincial People’s Committee. The locality’s tourism sector raked in nearly 2.5 trillion VND (more than 107.7 million USD) in the period, 65.8 percent more than in the same period last year. In March alone, Lao Cai served nearly 600,000 holiday-makers, up 36.8 percent compared to the previous month. Sa Pa, Bac Ha and Lao Cai city were the most attractive destinations. The number of visitors to Lao Cai is forecast to strongly increase in the coming months due to long holidays, festivals and cultural and tourism activities in the locality. The local tourism sector is working to mobilise more resources, improve the quality of tourism services and enhance the tourism business environment, aiming to make it more attractive to holiday-makers and … [Read more...] about Lao Cai serves more than 1.4 million tourists in Q1
Sa Pa, a new look
(VEN) - The town of Sa Pa in the northern mountainous province of Lao Cai has seen an increasing number of tourists and growing investment since Prime Minister Nguyen Xuan Phuc signed a decision in late 2017 recognizing the resort town as a national tourism site. Sa Pa is famous for its dramatic scenery of valleys and mountain peaks, such as Fansipan Mountain, Muong Hoa Valley, Ham Rong Mountain, and Ta Phin Village, and the diversity of ethnic minority groups who live there, including the Kinh, Hmong, Yao, Tay, Day, Xa Pho and Hoa. Lao Cai Province is also a gateway to China’s Yunnan Province, boosting its advantages as a tourist center. Thanks to sustainable development policies, given the growth of tourists, Sa Pa is expected to welcome about four million visitors by 2020 and eight million by 2030. To meet tourism development demands, Sa Pa has been engaged in massive infrastructure construction, such as a road connecting Noi Bai-Lao Cai Highway with the town, and the … [Read more...] about Sa Pa, a new look
Transport Ministry supports building Sa Pa Airport
The Ministry of Transport said that as per the transport development plan to 2020 with the vision to 2030 approved by the Prime Minister, Sa pa Airport will be built to receive 3 million holiday-makers a year. Many visitors have flocked to Sa Pa. With the government’s limited budget, the Ministry of Transport supported Lao Cai People’s Committee to build the airport under PPP. The Airports Corporation of Vietnam is expected to invest in passenger terminal, runway and rooms for controlling while the Vietnam Air Traffic Management Corporation will build other rooms to control flights. By BICH QUYEN - Translated by UYEN PHUONG … [Read more...] about Transport Ministry supports building Sa Pa Airport