Tuesday, December 12 2017

VietNamNews

Delta city pulls plug on delayed projects

Update: August, 25/2012 - 09:17

CAN THO — The authority of Mekong Delta Can Tho City has revoked licenses of eight residential and resettlement projects because of delays in implementation.

Mai Nhu Toan, deputy director of the Can Tho Department of Construction, said the delay of these projects, which cover 320 ha in several districts, had affected the city's economy.

They include a resettlement project invested in by Viet Khang Co; an urban residential area invested in by the House and Urban Area Development group in Ninh Kieu District; an office building and hotel complex project in the South Can Tho area, invested in by Van Phong Co; and a project to build a resettlement area in Phong Dien Town by Thai Nguyen Co.

Other projects include a resettlement area in O Mon District by Hong Loan Co; projects to develop the residential areas in Cai Rang District's Hung Thanh and Phu Thu wards by Nam Truong Son Co; and a new urban area project by Hoa Phat Co in Thot Not District.

Toan said along with the withdrawal of the eight delayed projects, the city would restore the rights of residents affected by these projects.

Meanwhile, the Can Tho Department of Planning and Investment has also asked the Can Tho People's Committee to revoke the licenses for eight other investment projects in social welfare, manufacturing and service sectors. These projects, covering 88 ha, are capitalised at nearly VND1.7 trillion (US$81 million). — VNS

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