Ba Ria-Vung Tau to revoke delayed seaport projects
Ba Ria-Vung Tau to revoke delayed seaport projects
Authorities in the southern province of Ba Ria-Vung Tau will revoke investment licences from investors who are not capable of developing seaport projects in the province, according to Le Tuan Quoc, deputy chairman of the provincial People’s Committee.
Speaking at a meeting on seaport and internal waterway projects held in the province on Tuesday, Quoc told the provincial Department of Planning and Investment to work with investors of the projects that are proceeding slowly and re-evaluate their capacity, and report the results to the committee soon.
“The department needs to create the most favourable conditions for investors and help them complete legal procedures,” Quoc said.
There are 13 seaport projects under construction that are moving slowly. Of those, five projects have been approved for two-year extension by local authorities, which all will start operation at the end of this year and in the first quarter of next year. They are the Saigon-Viet Steel Port, Long Son Industrial Service Park, Cai Mep-Gemadept Terminal Link Port, Thi Vai International Port and Sao Bien International Port, according to a report from the Department of Planning and Investment.
Six other projects have not been implemented following the fixed schedule, including the My Xuan Cement Grinding Port, My Xuan Container Port, Maritime Service Tourism Base, My Xuan A2 General Port, My Xuan International General Port and My Xuan General Port.
Two other projects, which have suspended construction due to lack of money, are the Cai Mep Ha General Cargo and Container Terminal, and Vinalines Ship Repair Plant in the south. However, investors of these project are seeking approval for extensions.
