The central province of Thua Thien-Hue 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 Nine have been revoked and three put under special supervision.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 Truong An JSC; an infrastructure project for Phu Bai industrial park in its fourth stage, under construction by the Trung Quy-Hue 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 VND600 billion (US$26 million) resort and urban area project, which was granted a licence in 2008 with 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 would speed up site clearance for other important projects such as upgrading and expanding 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 would 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 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.

Thua Thien-Hue would 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 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 VND9.08 trillion in investment, up 6.2 per cent year-on-year. – VNS