VietNamNet Bridge – The 12 resort investors have all announced they would resume the projects’ implementation after the Government nods on the cancelation of the Ke Ga Port project in Binh Thuan province.
The Gioi Xanh has got deserted since December 2007.
Some years ago, the investors of the 12 resort projects were told to cancel their projects to make room for the Ke Ga seaport developed by the Vietnam Coal and Mineral Industries Group (Vinacomin) to serve the alumin export.
However, after a lot of delays, in early 2013, Vinacomin announced the suspension of the project implementation, saying that it was no more the right time to develop a seaport in the area, and that it would be a great waste to build a port in the context of the economic difficulties.
The Binh Thuan provincial People’s Committee has finally got the nod from the government on the stop of the Ke Ga port project.
The 12 investors have reaffirmed that they still keep the intention of developing the resort projects and that they would restart the projects again if they can get reasonable compensation.
The investors have incurred big losses once they had to stop the projects to give the site to the Ke Ga port.
The Binh Thuan provincial authorities have reached a consensus with Vinacomin on the 100 percent compensation for the resorts which have broken assets with the leftover value of below 30 percent.
Nguyen Dang Toan, the investor of The Gioi Xanh Resort, said he has claimed VND89 billion for the damages.
The Gioi Xanh is among the resorts that suffered most from the Ke Ga port project. It was operating well once it was forced to stop in December 2007.
The owner of Thanh Dat resort has also affirmed that it would resume the project implementation, having claimed VND15 billion for the damages.
Meanwhile, Nguyen Ngoc, Deputy Chair of the Binh Thuan People’s Committee, has promised that the local authorities would re-license to the resort investors who want to continue developing the projects.
The Binh Thuan provincial Finance Department is reportedly conducting surveys to determine the damages to the 12 projects in order to define the reasonable compensation levels.
Tang Viet Cuong, Director of the Finance Department, has affirmed that the work would be completed soon, and that the consensus between the department and the investors would be reached prior to March 20.
In a petition to the Binh Thuan Provincial People’s in mid-2012, the investors of the 12 resort projects, who had to stop their operation and give back the land to give place to the Ke Ga port estimated the losses of VND800 billion.
By April 2008, when the provincial authorities asked the projects’ investors stop their project implementation and take back the land, one of the 12 projects had been operational (The Gioi Xanh), one had been under the construction in a large scale (Duc Hanh).
Meanwhile, other projects had seen some items completed. These included Tan Thanh Minh, Sao Mai, Thanh Dat, Minh Ngoc, Huong Bac, Doi Phong Lan and Thao My.
TBKTSG
Port project stops, resort projects kick off Related image(s)
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