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Loan Contract and Construction Agreement signed for An Phu Plaza Project



October 26, 2009, Ho Chi Minh City – An Phu Corporation, An Phu Company Ltd., and Vietcombank, Ho Chi Minh City branch officially signs a loan contract for An Phu Plaza at Sheraton Hotel, following which Vietcombank shall provide a fund of 180 billion dong for the construction of An Phu Plaza. The 18-floor mixed use project is strategically located at 117-119 Ly Chinh Thang, District 3, Ho Chi Minh City. The disbursement of the 180 billion dong loan package will start in October 2009, which sends out a strong signal that feasible projects are still attractive to banks and financial institution.




On the same day, An Phu Corporation also signs an agreement for the basement, superstructure and finishing package of An Phu Plaza with COFICO. The piling and diaphragm wall contract was completed in July 2009, which was approx. one month ahead of schedule, by Bachy Soletanche, a world leading underground civil engineering company. The remaining contruction packagages will commence by the end of 2009 and are expected to finish by 2011.


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