Thursday,  Nov 15, 2018,02:18 (GMT+7) 0 0
Land planning, bidding impede project development in Danang
By Nhan Tam
Wednesday,  Nov 7, 2018,15:49 (GMT+7)

Land planning, bidding impede project development in Danang

By Nhan Tam

An employee at work at a Japan-invested facility at a hi-tech park in the central coastal city of Danang – PHOTO: NHAN TAM

DANANG – Shortcomings in land planning and bidding, coupled with complicated project procedures, are regarded as factors hampering the execution of projects in the central coastal city of Danang, heard participants in a program held by the municipal People’s Council yesterday.

Among 16 deals for projects worth more than VND26.3 trillion (US$1.1 billion) struck during a local investment forum in 2017, eight have yet to be started because of various shortcomings, according to the economic and budget division of the council.

The division’s chief, Tran Chi Cuong, ascribed the low project development progress to land planning and bidding problems, as well as complicated and lengthy procedures.

He added that the city’s investment promotion was ineffective, though the city has established an investment promotion agency and an investment steering committee.

Chairman of the municipal People’s Committee Huynh Duc Tho pointed out one example, noting that it took one year to complete investment procedures for a wastewater treatment project in Son Tra District. Work on the project is expected to start in April next year.

Meanwhile, Nguyen Nho Trung, chairman of the municipal People’s Council, took the Software Park No.2 project, worth over VND2 trillion, as another example.

The project was planned in 2011, but it was not until 2016 that it was included in the city’s investment promotion program. Just last month, the land use rights bidding process was carried out to arrange funding for the project.

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