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VietNamNews

Kien Giang pulls plug on projects

Update: March, 11/2013 - 10:11

KIEN GIANG (VNS)— The southern Kien Giang Province People's Committee has pulled the plug on 11 projects in Kien Luong District following undue delays by the investors in proceeding with them.

It has ordered the Department of Planning and Investment to revoke the licences issued for the projects.

Le Khac Chi, the department director, said the projects have a combined investment of VND7.2 trillion (US$345.8 million). One of them, which sought to build infrastructure for the 2,595-hectare Kien Luong Industrial Park and the Khoe La Port (100ha) alone was worth VND7 trillion.

All of them had been approved between 2006 and 2011, but fell behind schedule, Chi said.

The committee also instructed the department to review the progress of 21 other long-delayed projects also in Kien Luong to find the cause and solutions. Among them are four large projects — a thermal power costing $6.7 million planned by the Tan Tao Group, the VND2.6 trillion ($128.7 million) Hon Chong Port by the Phu Hung Company, a VND900 billion ($43.22 million) waste treatment plant by Thai Binh Duong Company, and the VND600 billion Hon Phu Tu Tourism Area by the Kien Giang Tourism Joint Stock Company. — VNS


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