Monday, December 17 2018

VietNamNews

Thừa Thiên-Huế revokes 12 stagnant projects

Update: July, 17/2018 - 11:00
A view of Chan May port. — Photo baothuathienhue.vn
Viet Nam News

THỪA THIÊN-HUẾ – The central province of Thừa Thiên-Huế has issued a decision to end the operation of 12 stagnant projects. Nine have been revoked and three put under special supervision.

The halted projects include a cement brick factory belonging to Trường An JSC; an infrastructure project for Phú Bài industrial park in its fourth stage, under construction by the Trung Quý-Huế company; and a project to invest in a stainless steel production line of Civil Engineering Construction Corporation 5 JSC.

The province also decided to revoke Vinconstec’s VNĐ600 billion (US$26 million) resort and urban area project, which was granted a licence in 2008 with total area of nearly 700ha in Phú Thuận Commune, Phú Vang District. The project was expected to become operational in 2017, but it has lagged behind schedule since 2012.

Phan Ngọc Thọ, chairman of the provincial People’s Committee, said that along with reclaiming the projects, the province would speed up site clearance for other important projects such as upgrading and expanding the Phú Bài international airport, the National Highway 49B, the Cam Lộ-Túy Loan highway, the water supply upgrade project in Huế City and the Đặng Kim Long tourism-service complex.

The province would also assist in the progress of Chân Mây Ports 2 and 3, Chân Mây port’s dyke and the industrial parks of Phú Bài, Phong Điền, La Sơn, and Tứ Hạ, he said.

Thọ stressed that the locality would continue to keep a close eye on projects not funded by the local budget, while withdrawing stagnant projects and changing the investment forms for BT (Build-Transfer) projects.

Thừa Thiên-Huế would also adjust its planning for its southern region, the Chân Mây-Lăng Cô Economic Zone, the Tam Giang-Cầu Hai lagoon, the An Vân Dương new urban area and a number of major roads.

In the future, the province would review investment resources and seek measures to hasten site clearance to create land and attract more investment, he said.

So far this year, the province has disbursed VNĐ9.08 trillion in investment, up 6.2 per cent year-on-year. – VNS

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