A three-wire cable car system, set to be the longest and highest in the world, is planned to be built in Sapa Town, Lao Cai to transport people to the summit Fansipan Mountain.
A subsidiary of Ba Na Cable Car Service JSC plans to invest in a project to build the cable car, as well as an entertainment and hotel complex in Sapa-Fansipan.
The three-wire cable car system would be the first of its kind the Asian region. It is expected to increase in Lao Cai Province in general and Sapa in particular.
The cable car system would be the only in the world which does not need a normal rescue system would be able to safely deliver passengers from the base of the mountain, to the summit and back under any conditions.
When the seven-kilometre system is put into operation, it would help shorten the current two-day long trek, which is arduous and dangerous to 15-minute ride. It is expected to carry a maximum of 2,000 people per hour, with each car holding 35 passengers.
The investor would also build a luxury resort on Fansipan with four to five-star hotels, along with entertainment and food areas, a new downtown and an 18-hole golf course.
It would include a spiritual tourism area on the top of the Fansipan Mountain.
The project is scheduled for completion on National Day September 2, 2015.
The project is targeted to help increase the number of tourists to Lao Cai to two million per year by 2017 and three million per year by 2020.
Ba Na Cable Car Service JSC has successfully built a cable car system in the Ba Na Hills. The number of tourists to the Ba Na Hills has since reached nearly one million per year, attracting 30% more tourist yearly.