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Discussion Starter #1 (Edited)
Name: That Luang Lake Special Economic Zone
Developer: Wan Feng Shanghai Real Estate Company
Areas: 365 hectares
Estimated Construction Cost: US $1.6 billion
Construction Started: December 2012
Description: The project will include a large residential area, public parks and green spaces, a lake, roads and drainage, a sports complex and a commercial centre. There will also be five-star hotels, shopping centres and entertainment venues.
 

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Discussion Starter #3
Chinese firm to spend US$1.5B to develop Thatluang marsh

http://www.sncsez.gov.la/index.php/en/sezs-news/20-chinese-firm-to-spend-us-1-5b-to-develop-that-luang-marsh

The government has given the green light for a Chinese company to develop the 365-hectare Thatluang marsh area of Vientiane as a specific economic zone, to stimulate socio-economic development in Laos.

The agreement to develop the marsh was reached on 27th December 2011 in Vientiane between the government and the Wan Feng Shanghai real estate company of China.

Minister to the Government Office and Vice President of the Lao National Committee for Special Economic Zones (NCSEZ) Ms Bounpheng Mounphosay and Vice Mayor of Vientiane Mr Anouphab Tounalom represented the government in signing the agreement.

The Chinese side included Wan Feng Shanghai President Mr Guo Ping Huang and company representative Mr Wei Ping Zhou. The signing was witnessed by Deputy Prime Minister and NCSEZ President Mr Somsavat Lengsavad, Chinese Ambassador to Laos Ms Bujinguo, and other high ranking officials.

Under the agreement, Wan Feng Shanghai will spend 12,000 billion kip (more than US$1.5 billion) to develop the marsh into a tourist attraction and cultural centre.

The company will create a large lagoon in the centre of the new urban area and develop infrastructure in line with the government's plan to ensure that waste water is properly drained off.

Wan Feng Shanghai will build the new zone on 303 hectares and leave 62 hectares undeveloped. The project site includes six villages in Xaysettha and Sisattanak districts - Nonvai, Meuang Noi, Nonkhor Neua, Phonthan, Phonpapao and Donekoi.

The development will include open spaces, a public park, lagoon, drainage, roads, a sports centre, and trade and service centres that contain five-star hotels, shopping centres and entertainment venues.

The project will also include a residential area and facilities that it is hoped will attract tourists to Laos.

Mr Guo Ping Huang said the company believed it would take 15 to 20 years to complete the development.

The first phase is expected to start in February next year, when some facilities will be built for the Asia-Europe Meeting Summit in November.

It is envisaged that the project will provide an exciting new feature for Laos while creating an attractive environment that everyone can enjoy.

The project will not only generate revenue for Laos and boost economic growth but will also create jobs and enable local people to ease their poverty.
 

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Vientiane Authorities Say That Luang Area Belongs to Investors
2013-08-01 Email story Comment on this story Share story Print story
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That Luang Marsh, August 2010.
RFA
Authorities in Laos have issued an order informing hold-out residents of an area in the capital slated for a massive urban development project that they are not to sell their land, as it now belongs to the site’s developers from China.

The order came amid general concerns of government mismanagement and corruption in disputes between residents and investors.

The planned U.S. $1.6 billion project under construction in Vientiane’s That Luang marsh area has been hailed as a showpiece commercial center in the fast-growing capital, but residents say they were offered compensation less than one-tenth of market value for their land.

The 1.25 square mile (3.25 square kilometer) That Luang Marsh Specific Economic Zone broke ground in December, but while a majority of residents have accepted the payout, more than 100 families had held out for more, refusing to move from the site.

Recently the Vientiane municipal government issued an order prohibiting all sale, purchase, and transfer of land in eight villages in Xaysettha district, where the project is located, an official in charge of administering Special and Specific Economic Zones told RFA’s Lao Service.

According to the order, the villages are included in the 365-hectares (900-acre) concession granted to Chinese project developer Shanghai Wan Feng Group, he said, speaking on condition of anonymity.

The eight villages in Xaysettha district include Houa Khoua, Non Savang, Vangxay, Non Sanga, Nong Nieng, Chommany, Viengchaleun, and Phonephanao.

“No consideration will be given” to people who claim they are the lawful owners of the land and property in the villages, the official said, though the government will provide monetary compensation to those who give up their land for the project, he said without elaborating on the reimbursement scheme.

The development project is part of an effort to modernize Vientiane and draw increased tourism to the city. It will include a public park, sports complex, shopping mall, entertainment complex, and service centers.

The SEZ will also provide infrastructure for businesses trying to establish a presence in the capital.

Some 435 families have been affected by the project and residents complain they have had little say in the decision-making process about development in the area, for which plans have been in the works for several years.

In 2010, plans for an even bigger urban development project on a 3.9-square-mile (10-square-kilometer) area in the same location by a different Chinese developer were scrapped because, according to then-minister of planning and investment Sinlavong Khoutphaythoune, the company was reluctant to pay U.S. $400 million in relocation compensation to the roughly 7,000 affected households.

Dispute factors

A senior State Inspection Agency official told RFA this week that land disputes between companies granted concessions and Lao citizens are largely due to government mismanagement and corruption.

He did not cite any specific project.

Speaking on condition of anonymity, the official said that the most common practices by local government that lead to land disputes are granting concessions without first surveying or measuring land and using land as capital for development projects.

He said other practices include the relocation of people impacted by development at drastically low rates of compensation and the abuse of power by officials who are bribed to seize land from residents to lease to investors.

Over the past three years, he said, inspections have shown that bribery is a common practice among officials, in addition to the use of threats and reference to false laws to force unwitting citizens from their land.

Even when residents who are more informed about their legal rights fight back, they are often at a disadvantage, he said, adding that more than 4,000 lawsuits against the government are currently languishing in courts across the country.

According to field inspections, the official said, government land concessions often encroach on private land, while investors granted concessions frequently encroach upon national forest reserves to carry out illegal activities such as cutting down trees for export.

Laos, one of the least developed Southeast Asian states, has become the subject of massive foreign investment, especially from companies from China, Thailand, and Vietnam.

Much of Laos’s economic growth has come from land concessions for natural resources—including timber, agricultural products, minerals, and energy—but some worry that it comes at a cost for those who lose their land.

Reported by RFA’s Lao Service. Translated by Viengsay Luangkhot. Written in English by Joshua Lipes.
 

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Discussion Starter #6
Chinese Investor To Build Condos at That Luang Marsh

http://www.worklivelaos.com/chinese-investor-to-build-condos-at-that-luang-marsh/



The Chinese developer that invested in the That Luang Marsh Specific Economic Zone in Vientiane is forging ahead with a new phase in the area’s development, constructing 18 condominiums that will each be as many as 18 storeys high.

Vice president of the zone’s management board, Mr Pheng Inthilath, toldVientiane Times yesterday the soil levelling had already commenced and the laying of the foundations would take place next month.

He said the condos would be available for rent and sale to people of all nationalities once complete.

There has already been significant progress at the US$1.6 billion SEZ project, which covers an area of 365 hectares.

Chinese developer Wan Feng Shanghai Real Estate Company has already spent more than US$40 million developing the project, including on pre-planning and on compensation payments to affected villagers.

Works to date include the excavation of a large lagoon that will be used for tourism purposes and the construction of a 400 metre long, 36 metre wide access road linking the site to the Phonthan T-junction .

The developer has also completed a design for a road that will cross over marsh land and link up with the villages of Nonkhor and Nonvai.

“Within this year, we will build a number of roads and four bridges in the zone. We also plan to install electricity and water supply facilities to attract entrepreneurs to do business in the zone,” Mr Pheng said.

The developer will soon build shops and a sport centre as part of this year’s plan for the project.

The That Luang Marsh SEZ mega-project will play a significant role in boosting the socio-economic development of Laos.The Lao government signed a land concession agreement with the developer in 2011, aiming to transform the marsh into a modern urban area in the heart of Vientiane.

The ground-breaking ceremony for the project took place in December 2012 and the company expects to spend between 15 and 20 years working on the project.

The project will include a large residential area, public parks and green spaces, a lake, roads and drainage, a sports complex and a commercial centre. There will also be five-star hotels, shopping centres and entertainment venues.

According to a report from the Government Office, the That Luang Marsh SEZ is expected to create around 30,000 jobs and generate considerable income for the Lao economy in the years to come.

The project covers the six villages of Nonvai, Meuang Noi, Nonkhor Neua, Phonthan, Phonpapao and Donkoi, in Xaysettha and Sisattanak districts.
 

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Discussion Starter #9
Over US$100m spent on That Luang Marsh project, Vientiane

http://www.rentsbuy.com/index.php/en/real-estate-in-laos/real-estate-projects-in-vientiane/special-economic-zone/that-luang-marsh-project/520-over-us-100m-spent-on-that-luang-marsh-project-vientiane

Although progress is being made developing That Luang Marsh Specific Economic Zone (SEZ) in Vientiane, the project is somewhat slower than early plans due to a financial issue, officials in charge of the project have said.

However, Vice President of the zone's management board Mr Pheng Inthilath told Vientiane Times on Thursday that the government and developers aimed to build this zone as a model project for SEZ development in Laos.

About US$107 million (856 billion kip) has been spent on building infrastructure facilities and condos at That Luang Marsh SEZ.

Twelve condominium blocks with 19 floors being built at the US$1.6 billion (12.8 trillion kip) That Luang Marsh SEZ are set to go on sale in March this year.

“Everyone can come to buy the condos with no regard to their nationality,” Mr Pheng said, saying that the condo project was 50 percent complete and was slated to be finished in October 2016. The price for the 4 bedroom and 4 bathroom condo blocks was about US$400,000 (3.2 billion kip).

The infrastructure development project includes a 50-hectare lagoon, road construction in the zone, installation of electricity and water supply facilities and a drainage system.

The access road to the site has been built to facilitate the movement of dump trucks and other construction vehicles. It is 400 metres long and 36 metres wide, linking the Phonthan T-junction to the project site.

The project comprises an area of 365 hectares, covering the six villages of Nonvai, Meuang Noi, Nonkhor Neua, Phonthan, Phonpapao and Donekoi in Xaysettha and Sisattanak districts.

The land compensation for the SEZ project is now 98 percent completed with more than US$10 million (about 80 billion kip) spent to compensate villagers affected by the project.

However, Chinese developer, Wan Feng Shanghai Real Estate Company intends to turn That Luang Marsh into a liveable town with an environmental friendly atmosphere with various tree species to be planted in the zone.

When finished the project will include a large residential area, public parks and green spaces, a lake, roads and drainage, a sports complex and a commercial centre. There will also be five-star hotels, shopping centres and entertainment venues.

That Luang Marsh SEZ began construction in December 2012 and the developer expects to spend between 15 to 20 years working on the project.

The government believes That Luang Marsh SEZ will contribute to further boosting the country's economic growth and generate job opportunities for local people.

The substantial progress of the construction activities of That Luang Marsh SEZ has attracted many delegations from Laos and foreign countries to visit the project.

On Thursday, a delegation from Thailand visited the zone to learn about the project's development as Thailand also plans to develop SEZ projects.
 

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Update ອັບເດົດ ໂຄງການບຶງທາດຫຼວງ :cheers:

from That luang lake ຈາກບຶງທາດຫຼວງ


ປ້າຍໂຄງການ


ຮອດຍອດແລວ້


...


ຮູບຈາກ ມານະ
 

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Discussion Starter #13
Over US$180 million invested at That Luang Marsh project

http://www.vientianetimes.org.la/freeContent/FreeConten_Over.html

Over US$180 million has been spent so far on building infrastructure facilities and condos at That Luang Marsh Specific Economic Zone (SEZ) in Vientiane, officials in charge of the project have said.



Twelve condominium blocks with 19 floors each are slated to be finished in October 2016.


Construction began in December 2012, with the US$1.6 billion project being developed as a model for SEZ development in Laos aiming to attract more foreign investment to the country.

Vice President of the zone’s management board Mr Pheng Inthilath told Vientiane Times on Monday that many delegations from Laos and neighbouring countries have visited the project site to learn about how the project is operated.

On Saturday a Thai delegation comprising government officials and business leaders visited the zone to see the project firsthand as Thailand aims to develop a similar kind of project in Nong Khai province.

Twelve condominium blocks that shall be 19 floors in height have seen a lot of progress and are slated to be finished in October 2016. Three buildings with about 128 apartments each have been available for purchase since earlier this year.

When asked about who would buy the condo blocks, Mr Pheng responded that anyone can come to buy the condos with no regard to their nationality.
He explained that the 128 apartments in the first building have sold out while 60 percent of the second building has also sold.

“I’ve been surprised because many Lao people have also come to buy the condos. Many of them are businesspeople. Other buyers have included Chinese Singaporeans and Chinese from China,” he said, with the prices of the condos ranging from US$74,000 to US$600,000.

“We will open a bus service between the zone and the city centre in October. Our 42-seat buses will also commute from the zone to Dongdok and Sikhay villages to provide services for the residents,” Mr Pheng said.
That Luang Marsh SEZ is one of the mega projects built in Laos which should contribute to further boosting the country’s economic growth and generate job opportunities for local people.

Chinese developer, Wan Feng Shanghai Real Estate Company says it aims to turn That Luang Marsh into a liveable town that has an environmental friendly atmosphere with various tree species to be planted in the zone.
The project comprises an area of 365 hectares, covering the six villages of Nonvai, Meuang Noi, Nonkhor Neua, Phonthan, Phonpapao and Donkoi in Xaysettha and Sisattanak districts.

When finished the project will include a large residential area, public parks and green spaces, a lake, roads and drainage, a sports complex and a commercial centre. There will also be five-star hotels, shopping centres and entertainment venues. The infrastructure development project includes a 50-hectare lagoon, road construction in the zone, installation of electricity and water supply facilities and a drainage system.

Wan Feng Shanghai Real Estate Company has said it expects to spend between 15 to 20 years working on the project.
 
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