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Nghe An "favors" extension, investors still leave thousands of prime lands vacant

Người Đưa TinNgười Đưa Tin11/12/2023


More than 8,000 square meters of "golden land" in the coastal city is wasted?

The Tan Thang Commercial Center project in Nghi Thu ward, Cua Lo town, Nghe An province was approved for investment by the People's Committee of Nghe An province on January 27, 2016; with a total investment capital of up to 20 billion VND.

The project was assigned to Tan Thang Trading Company Limited, 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 effective date of the decision.

Real Estate - Nghe An

The project is located on a major road, in the "golden land" area of Cua Lo Town.

Just nearly 4 months later, on May 19, 2016, the People's Committee of Nghe An province approved the detailed construction planning of this project at a scale of 1/500. Based on the issued decision, the total planning area of the Tan Thang Trade Center project is about more than 8,000m2.

The main items of the project approved in the planning include: 5-storey commercial center and office, area 2,750m2; 3-storey seafood trading center, area 890m2 and auxiliary works such as canteen, staff and workers' accommodation, area 890m2...

On October 23, 2017, the Provincial People's Committee continued to issue Decision No. 645 on leasing 8,213m2 of land in Nghi Thu Ward, Cua Lo Town to Tan Thang Trading Company Limited to implement the project. The land lease term is until the end of 2056 with annual land rental payment. On February 12, 2018, this company was granted a land use right certificate, code CH 314723.

Real estate - Nghe An

Apart from the bridge, the project has not yet implemented any items.

Although the People's Committee of Nghe An province has created the best possible conditions, up to now, 7 years have passed since the approval of the project, the Tan Thang Trade Center project is still just an empty lot, full of desolation, trees and weeds growing wildly.

At the end of 2023, when present at this project area, the reporter noted that the investor had completed the construction of the bridge into the project. However, most of the items in the project have not been built yet and there are no machines or workers, proving that the investor plans to start 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 Dispatch No. 772/UBND-DT to the People's Committee of Nghe An Province, departments, branches and sectors on reviewing projects that are behind schedule and not implemented in the town. Including the Tan Thang Commercial Center project, in Nghi Thu Ward.

The reason for the delay is explained as the investor's "slowness" in implementation. The People's Committee of Cua Lo Town has requested the province to organize an inspection and have a solution.

Based on this request, in 2021, the Nghe An Provincial Interdisciplinary Inspection Team chaired by the Department of Natural Resources and Environment included the Tan Thang Trade Center construction project in the list of slow-progressing projects that need to be inspected.

Real estate - Nghe An

This project is still just a vacant lot.

After receiving the inspection results report and considering the proposal of the Department of Natural Resources and Environment, on March 18, 2022, the People's Committee of Nghe An province issued Official Dispatch No. 1793/UBND-CN on handling projects with slow construction progress in the province.

Specifically, the Provincial People's Committee has allowed an extension of the land use schedule for 24 months from March 15, 2022 for the Tan Thang Commercial Center project. At the same time, the Provincial People's Committee requested the investor to urgently complete the project on the extended schedule. In case the extension period expires and the investor has not completed the project, the Provincial People's Committee will consider revoking it in accordance with regulations.

In addition, Nghe An Provincial People's Committee also assigned Cua Lo Town People's Committee to urge, supervise and direct investors to focus on completing procedures, constructing projects to put them into operation on schedule, and periodically report to the Provincial People's Committee on the implementation status on the 15th of the last month of the quarter.

Real estate - Nghe An

Without machines and workers, it is difficult for the project to be completed in 3 months.

On March 30, 2022, Tan Thang Trading Company Limited changed the transfer of part of its assets to establish a new company. Specifically, it transferred part of its assets, including: Land use rights, house ownership rights and other assets attached to the land plot in Nghi Thu ward, Cua Lo town to establish Dai Thang Trading and Service Investment Company Limited.

Therefore, Dai Thang Trading and Service Investment Company Limited is also responsible for debts, land taxes and assets attached to that land plot from the date of separation. After that, the Provincial People's Committee also approved the adjustment of the investor from Tan Thang Trading Company Limited to Dai Thang Trading and Service Investment Company Limited. The implementation progress requires the completion of the project to be put into operation within 24 months from March 15, 2022.

However, 21 months have passed, the investor Dai Thang Company has not made any move regarding construction implementation. To broaden public opinion, the reporter contacted Mr. Phan Thanh Hoai, legal representative of Dai Thang Investment, Trading and Service Company Limited to find out the reason, but received no response. It is known that from now until the end of the extension period, there are only 3 months left, so it is very difficult for this project to be completed. Therefore, it is still unclear what the investor's next plan is for this "golden land".



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