17/07/2018 09:37 GMT+7 Email Print Like 0

Thua Thien-Hue revokes 12 stagnant projects

 The central province of Thua Thien-Hue has issued a decision to end the operation of 12 stagnant projects, with nine revoked and three put on special supervision.

The halted projects include a cement brick factory belonging to Truong An JSC; an infrastructure project for Phu Bai industrial park in its fourth stage of Trung Quy-Hue company; and a project to invest in a stainless steel production line of Civil Engineering Construction Corporation 5 JSC.

What is more, the province decided to revoke Vinconstec’s 600 billion VND-invested resort and urban area project, which was granted a licence in 2008 with the total area of nearly 700ha in Phu Thuan commune, Phu Vang district.

The project was expected to become operational in 2017, but it has lagged behind schedule since 2012.

Phan Ngoc Tho, Chairman of the provincial People’s Committee said that along with reclaiming the projects, the province will speed up site clearance for other important projects such as those to upgrade and expand the Phu Bai international airport, the National Highway 49B, the Cam Lo-Tuy Loan highway, the water supply upgrade project in Hue city, and the Dang Kim Long tourism-service complex.

The province will also assist in the progress of Chan May Ports 2 and 3, Chan May port’s dyke, and the industrial parks of Phu Bai, Phong Dien, La Son, and Tu Ha, he said.

Tho stressed that the locality will 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.

Thua Thien-Hue will also adjust its planning for its southern region, the Chan May-Lang Co Economic Zone, the Tam Giang-Cau Hai lagoon, the An Van Duong Duong new urban area, and a number of major roads.

For the time to come, the province will review investment resources and seek measures to hasten site clearances to create land and attract more investment.

So far this year, the province has disbursed 9.08 trillion VND of investment, up 6.2 percent year-on-year. 
VNA/VNP