On May 29, the People's Committee of Lam Dong province sent a document to assign the Department of Natural Resources and Environment to take the lead in reviewing the proposal for land recovery and management at the Trung Nguyen Legend coffee product exhibition and display project in Loc An commune, Bao Lam district.
In early May, the People's Committee of Bao Lam district sent a written request to the provincial People's Committee to consider and issue a decision to recover the land for the Trung Nguyen Legend - Loc An exhibition and coffee product display project to have a basis for developing a plan for management and exploitation of the land area.
Accordingly, in the document, Lam Dong Provincial People's Committee assigned the Department of Natural Resources and Environment to coordinate with relevant agencies to consider the proposal of Bao Lam District People's Committee and report before June 9.
Previously, in September 9, the Provincial People's Committee had decided to terminate the investment project of Trung Nguyen Legend - Loc An coffee product exhibition and display area.
The World Coffee Museum in Buon Ma Thuot by Trung Nguyen Legend. (Photo: Trung Nguyen).
According to this agency, the termination of this project is to comply with the conclusion of the Inspector of the Ministry of Planning and Investment because the project of Trung Nguyen Company is behind schedule, violating the Land Law 2013, Investment Law 2014 and 2020.
In October 10, Lam Dong Provincial People's Committee approved the investment policy of the project with an area of 2017 m15.529 and the total expected investment VND XNX billion. In which, Trung Nguyen Company invested capital VND XNX billion, the rest is VND XNX billion from other funding sources.
Trung Nguyen's purpose is to build an exhibition and display space to trade coffee and other goods, and provide food and beverage services.
According to the investment schedule, by the end of the third quarter of 2019, Trung Nguyen must complete the project and put it into use. However, this group has only completed the legal procedures including deposit to ensure project implementation, environmental protection plan. Currently, the project has not invested in construction and is 3 years behind schedule, which is a violation of the provisions of the 2013 Land Law.
In addition, the company proposes a project with a total investment capital VND XNX billion, in which equity capital VND XNX billion, but does not state capital contribution method, capital contribution schedule; mobilized capital VND XNX billion, there is no capital mobilization plan and the expected progress is not according to the prescribed form.
(Source: Zing News)
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