BÀ RỊA-VŨNG TÀU TO REVOKE DELAYED SEAPORT PROJECTS

Authorities in the southern province of Bà Rịa-Vũng Tàu will revoke investment licences from investors who are not capable of developing seaport projects in the province, according to Lê Tuấn Quốc, deputy chairman of the provincial People’s Committee.

Speaking at a meeting on seaport and internal waterway projects held in the province on Tuesday, Quốc 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,” Quốc 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-Việt Steel Port, Long Sơn Industrial Service Park, Cái Mép-Gemadept Terminal Link Port, Thị Vải International Port and Sao Biển 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 Mỹ Xuân Cement Grinding Port, Mỹ Xuân Container Port, Maritime Service Tourism Base, Mỹ Xuân A2 General Port, Mỹ Xuân International General Port and Mỹ Xuân General Port.

Two other projects, which have suspended construction due to lack of money, are the Cái Mép Hạ General Cargo and Container Terminal, and Vinalines Ship Repair Plant in the south. However, investors of these project are seeking approval for extensions.

Source: VNS