HAGL builds facility for SEA Games 25 in Laos

Hoang Anh Gia Lai Group (HAGL) started on July 12 the construction of an athlete village for the SEA Games 25 in Vientiane (Laos).

The US$ 19 million complex, funded by Hoang Anh Gia Lai Group, will supply accommodations for athletes of the SEA Games 25 in Laos in 2009. The 1000-room project will be located on an area of 42,000m2 at the Laotian National University compound. It will also comprise other facilities such as a press centre, garden system, meeting hall, dining hall.

The construction will be completed within 10 months.

After the SEA Games 25, it will become a dormitory for about 8,000 students of the university.

According to Mr Doan Nguyen Duc, HAGL’s CEO, US$ 4 million of the total budget will be given to the Laotian government and US$ 15 million will be a non-interest loan due in 3 years. (TBKTVN)