Over 8,000 square meters of prime land in the coastal city are being left to waste?
The Tan Thang Commercial Center project in Nghi Thu ward, Cua Lo town, Nghe An province, was approved by the People's Committee of Nghe An province on January 27, 2016, with a total investment capital of 20 billion VND.
The project was assigned to Tan Thang Trading Co., Ltd., located at 1A Le Huan Street, Vinh Tan Ward, Vinh City, as the investor; the legal representative at that time was Mr. Dinh Tien Dung, Chairman of the Board. The project implementation period was 24 months from the date of approval of the investment policy and was 100% self-funded. The project's operating period was 40 years from the date the decision took effect.
The project is located on a major road, in a prime location in Cua Lo town.
Just nearly four months later, on May 19, 2016, the detailed construction plan at a scale of 1/500 for this project was approved by the People's Committee of Nghe An province. According to the issued decision, the total planned area of the Tan Thang Commercial Center project is approximately over 8,000 square meters.
The main components of the project, as approved in the planning, include: a 5-story commercial and office building with an area of 2,750m2; a 3-story seafood business center with an area of 890m2, along with supporting facilities such as a 3-story canteen and staff accommodation building with an area of 890m2…
On October 23, 2017, the Provincial People's Committee issued Decision No. 645 granting Tan Thang Trading Co., Ltd. the right to lease 8,213 square meters of land in Nghi Thu Ward, Cua Lo Town, for the implementation of a project. The land lease term extends until the end of 2056, with annual rent payments. On February 12, 2018, the company was granted a land use right certificate, code CH 314723.
Apart from the bridge, no other components of the project have been implemented.
Despite receiving maximum support from the Nghe An Provincial People's Committee, seven years after the project's approval, the Tan Thang Commercial Center remains nothing more than an empty, dilapidated plot of land overgrown with trees and weeds.
At the end of 2023, while visiting the project site, our reporter observed that the investor had completed the construction of the bridge leading to the project. However, most of the project's components remained unbuilt, with no machinery or workers present, indicating that the investor intended to begin construction in the near future.
Difficult to complete after extension
On June 30, 2020, the People's Committee of Cua Lo Town, Nghe An Province, issued Official Letter No. 772/UBND-DT to the People's Committee of Nghe An Province and relevant departments and agencies regarding the review of projects that are behind schedule or not being implemented in the town. This included the Tan Thang Commercial Center project in Nghi Thu Ward.
The reason for the delay is attributed to the investor's "dragging" in implementation. The People's Committee of Cua Lo Town has requested the province to conduct an inspection and develop a plan for handling the situation.
Based on this request, in 2021, the inter-agency inspection team of Nghe An province, led by the Department of Natural Resources and Environment, included the Tan Thang Commercial Center construction project in the list of delayed projects requiring inspection.
This project remains just an abandoned plot of land.
Following the inspection report and the proposal from the Department of Natural Resources and Environment, on March 18, 2022, the People's Committee of Nghe An province issued document No. 1793/UBND-CN regarding the handling of projects with delayed construction progress in the province.
Specifically, the Provincial People's Committee has allowed an extension of the land use deadline for the Tan Thang Commercial Center project by 24 months, starting from March 15, 2022. At the same time, the Provincial People's Committee requires the investor to urgently complete the project on schedule as extended. If the investor fails to complete the project within the extended period, the Provincial People's Committee will consider revoking the land use permit in accordance with regulations.
In addition, the People's Committee of Nghe An province also assigned the People's Committee of Cua Lo town to urge, supervise, and direct the investor to focus on completing the procedures and constructing the project to ensure it is put into operation on schedule, and to report the implementation status to the Provincial People's Committee on the 15th of the last month of each quarter.
Without machinery and workers, it will be very difficult for the project to be completed in the next three months.
On March 30, 2022, Tan Thang Trading Co., Ltd. made a change regarding the transfer of a portion of its assets to establish a new company. Specifically, a portion of its assets, including land use rights, ownership of houses and other assets attached to the land plot in Nghi Thu Ward, Cua Lo Town, was transferred to establish Dai Thang Investment, Trading & Services Co., Ltd.
Therefore, Dai Thang Trading & Service Investment Co., Ltd. is also responsible for all debts and taxes related to the land and assets attached to that plot of land from the date of separation. Subsequently, the Provincial People's Committee also approved the adjustment of the investor from Tan Thang Trading Co., Ltd. to Dai Thang Trading & Service Investment Co., Ltd. The implementation schedule requires the project to be completed and put into operation within 24 months from March 15, 2022.
Despite this, 21 months have passed, and the investor, Dai Thang Company, has yet to take any action regarding construction. To clarify the situation, our reporter contacted Mr. Phan Thanh Hoai, the legal representative of Dai Thang Investment, Trading & Service Co., Ltd., to inquire about the reasons, but received no response. It is understood that with only 3 months remaining until the extension period expires, it will be very difficult for this project to be completed. Therefore, the investor's next plan for this "prime land" remains unclear.
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