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Da Nang to probe project delays
Many major projects in Da Nang have been inordinately delayed although the city always hands over cleared land to investors.
Phung Tan Viet, director of the Department of Planning and Investment, has said that the People’s Committee would look into the problem and take strong measures.
Despite the committee’s exhortations to start work, only 95 out of 157 projects that have been licensed have done so.
The Bai But tourism complex, for instance, to come up on 20ha on the coast and 10ha out at sea in Son Tra peninsula, has seen no progress since ground was broken for it in 2004. Hai Duy Joint-stock Company is the licensed investor.
One of the biggest investments on the peninsula, its plan features an entertainment and sports complex, four-star resort, parks, and a hotel.
Another large project, the Bai But Bay Resort, is in similar state.
Along the Han River, the Capital Square commercial complex by VinaCapital Corporation, the Han Riverside by Vu Chau Long Real Estate Jst Co, and the Deawon apartment tower have all been licensed, with South Korean’s Deawon Company getting the licence four years ago.
But a brick is yet to be laid, and sites fenced off. The three involve total investment of US$512 million.
The city moved thousands of families living on a 10-kilometre stretch along the coast in Ngu Hanh Son District to appropriate 132ha of land for 11 tourism-infrastructure projects on the Son Tra – Dien Ngoc Highway.
Work has yet to begin on any of them.
Huynh Duc Dinh, Ngu Hanh Son district deputy chairman, said the delay has hindered master planning, caused hardship to residents, and wasted land and the district’s efforts to provide "clean" sites.
He urged the city administration to repossess lands allocated to investors who are incapable of carrying out work and to allow people to stay on their lands until 45 days before investors actually begin work.
Mai Duc Loc, head of the People’s Council’s economic and budget division, said the investigation into the delays should be done soon to speed up disbursement of investment funds.
The disbursement rate is a mere 40 per cent of the amounts pledged, he said.
VietNamNet, VietNamNews
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