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.
A view of Chan May port (Source: //baothuathienhue.vn)
Thua Thien-Hue (VNA) – The centralprovince of Thua Thien-Hue has issued a decision to end the operation of 12 stagnantprojects, with nine revoked and three put on special supervision.
The halted projects include a cement brickfactory belonging to Truong An JSC; an infrastructure project for Phu Baiindustrial park in its fourth stage of Trung Quy-Hue company; and a project toinvest in a stainless steel production line of Civil Engineering ConstructionCorporation 5 JSC.
What is more, the province decided torevoke 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 PhuThuan commune, Phu Vang district.
The project was expected to becomeoperational in 2017, but it has lagged behind schedule since 2012.
Phan Ngoc Tho, Chairman of the provincialPeople’s Committee said that along with reclaiming the projects, the provincewill speed up site clearance for other important projects such as those toupgrade 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 theDang Kim Long tourism-service complex.
The province will also assist in the progressof Chan May Ports 2 and 3, Chan May port’s dyke, and the industrial parks of PhuBai, Phong Dien, La Son, and Tu Ha, he said.
Tho stressed that the locality willcontinue to keep a close eye on projects not funded by the local budget, whilewithdrawing stagnant projects and changing the investment forms for BT(Build-Transfer) projects.
Thua Thien-Hue will also adjust itsplanning for its southern region, the Chan May-Lang Co Economic Zone, the TamGiang-Cau Hai lagoon, the An Van Duong Duong new urban area, and a number ofmajor roads.
For the time to come, the province willreview investment resources and seek measures to hasten site clearances to createland and attract more investment.
So far this year, the province has disbursed9.08 trillion VND of investment, up 6.2 percent year-on-year.-VNA
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A view of Chan May port (Source: //baothuathienhue.vn) 
