Beijing, October 16. According to Xinhua news agency, "A project that will cost 600m yuan is designed to build luxurious villas, hotels, restaurants and recreation facilities in an island in the Lhasa River close to Lhasa, capital of China's Tibetan Autonomous Region. A permanent, 4,400 metre-long dam has been erected around the island, called "immortal foot" by the local people, to stand severe floods. The island, with an area of 140,000 square metres, gets its name because the Tibetan believe it is an immortal's footmark. The project, jointly sponsored by Lhasa and Macao firms,is Tibet's largest act to attract foreign capital till now. Thousands of workers are working on the site to make use of the last working season in that region. Yang Chuantang, deputy governor of the autonomous region, said: 'The project not only harnesses the Lhasa River but speeds up the construction of the city'. (EuroTibet News N·4)