The Vietnam National Oil and Gas Group (PetroVietnam) began construction of its five-star hotel complex in Me Tri commune, Tu Liem district, Hanoi on February 3.

The project has a total investment capital of VND7,500 billion, 29 percent of which is sourced from PetroVietnam and the remainder from foreign partners.

The 3.82ha complex will comprise a high-end office block (24 storeys and two sub-levels) and a luxurious hotel and apartments (30 storeys and sub-levels).

When operational, it will help develop the urban infrastructure, provide high-end apartments and accomodations to the capital city as well as supporting services such as car parking, entertainment, shopping and fitness. The complex is expected to become a comfortable and modern architectural area and attract more international investors to the captial city.

It is expected to be operational in the fourth quarter of 2011.

Source : VietNamNet/VOV