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Sluggish site clearance costs hi-tech park $143m

Update: June, 30/2012 - 09:25

HCM CITY — Continuing delays in site clearance for the Sai Gon Hi-tech Park has cost the Government at least VND3 trillion (US$143 million), a meeting held to review 10 years of its operation on Thursday heard.

Pham Chanh Truc, former head of the Sai Gon Hi-tech Park (SHP) Authority, said smooth site clearance would have helped save that amount.

There were prospective "better solutions," he said.

Residents affected by the SHP could have been allowed to buy shares in the project with their land, or a portion of the land could have been used to resettle them, he said.

With better implementation, the first stage of the project would have been completed three years earlier, he said.

SHP was established in 2002 on an area of 913 ha in several wards in District 9.

It opened on 28 May this year, with the 300ha first stage attracting an investment of $1.76 billion in 41 projects.

Implementation of the VND5.8 trillion ($278 million) second phase began upon the completion of the first.

Le Thanh Dai, deputy head of the SHP Authority, said site clearance, which began in 2002, had affected over 3,000 households, with 13,000 people having to move to new residential areas.

It was scheduled to be finished in 2005, but so far only 2,910 households had moved, handing over 767.25ha, he said.

Poor planning and management were to blame for the delays, which had left many families remaining back on their land while many others from elsewhere had illegally occupied vacated plots of land, he added. — VNS

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