17:25' 22/09/2008 (GMT+7)
VietNamNet Bridge – The Housing and Urban Development Corporation (HUD)
has signed a memorandum of understanding with Cuba's Palmares Group on
HUD's investment to build a 36-hole golf course and
tourism-service-apartment complex in Colodera Bauta.
The project is expected to cover an area of 300-400 ha, including a 180
ha lake.
A resort in Cuba
A joint venture will be established to run the project, in which the
Vietnamese and Cuban sides each hold 50% of chartered capital for 50
years. Cuba's Palmares will hire consultants to assess the value of the
land plot, which will be considered its capital contribution.
Palmares is a big group comprising 18 companies running restaurants,
entertainment venues and golf courses with 1,000 business points.
The Vietnamese side has also negotiated with Palmares about a second
golf course in Cabodela (Varadero, Matansaz).
Besides the cooperation with Palmares, HUD has also talked with
Cubanacan, the leading tourism group in Cuba, about investment in a
five-star hotel with 800 rooms which is expected to be located on a 9.22
ha land plot in Santa Lucia (Camaguey). The land plot is located next to
a hotel run by Barcelo group Ignacio Agrimante.
According to Melia las Americas' General Director René, Santa Lucia is
an attractive place with beautiful beaches, while there are still few
hotels here. The place is relatively far from Havana, but this is not a
problem as tourists like tours to new places. In addition, Santa Lucia
is located near Ignacio Agrimante international airport.
HUD has also worked with Gran Caribe about the upgrading of the Capri
Hotel in Havana. In this case, with the two countries' special
relationship, Cuban ministries will seek permission to allow the
Vietnamese side to make investment in the project with the Vietnamese
side's expected capital ratio of 20%.
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