Van Nam
VSP will partner with a unit assigned by the city government to build the velodrome at a cost of US$150-200 million in An Phu Ward.
The Department of Planning and Investment is assigned to coordinate with the department of finance and culture-sports to propose a partner for VSP, the joint venture model, investment capital, capital for site clearance and compensation for the city government for consideration.
Meanwhile, the Department of Culture and Sports will work with VSP to draft a memorandum of understanding in investment and development for the project.
During their visit to Busan later this year, officials of the city plan to visit the velodrome of this South Korean city.
Besides, HCMC will report the project and pilot sport betting to the Government and the Ministry of Culture, Sports and Tourism for consideration.
City okays multi-million-dollar velodrome project Related image(s)
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