Lam Dong: The project was extended 3 times and still “covered with blankets”, the land was distrained by the bank

According to Conclusion 929/KL-TTCP dated June 12, 2020 of the Government Inspector, Da Huoai district (Lam Dong province) has 6 investment projects that must review and re-check progress and assess investor capacity. private.

In which, 2 projects of resort and entertainment area of ​​Truc Phuong Joint Stock Company (Truc Phuong Company) and Ruby – Madagui high-class cultural and resort resort of Real Estate Joint Stock Company. Ruby property (Project Ruby Company) has many violations.

Up to now, the People’s Committee of Da Huoai district has proposed the Provincial People’s Committee to withdraw the project of Truc Phuong Company; request the Department of Planning and Investment to consider revoking the Ruby Company’s project investment certificate due to the delay in progress and the lack of financial obligations.

3 other projects, namely Hong Lam – Madagui Golf Course, Thien Ma – Madagui Racecourse – Polo Club and Performance Horses and Cong’s Da Huoai Tourism and Race Horse Breeding and Training Center, have expired. progress, investors are carrying out procedures to adjust progress.

According to the reporter’s research, the project of Truc Phuong Company was granted a Certificate in early July 2007, was leased by Lam Dong province with 23,154 m2 of land in September 2007, granted a construction permit one month later and progressed. performance from 2007-2011.

From the beginning of the project to 2009, the investor only built a few items on an area of ​​​​about 1,000 m2 with an investment of about 3 billion VND but did not complete it and put it into use. The whole project is then “covered with blankets” until the end of the investment schedule.

The project has been extended by Lam Dong Provincial People’s Committee for 3 times. The first time is extended from May 2015 to May 2017; The second extension is from May 2017 to May 2019; The third extension is from November 2021 to November 2022.

Being “favored” for such an extension, the investor only implemented one more item of embankment construction along the stream in 2017, the main items of the project were all… on paper. At present, the project has been behind schedule for more than 11 years and has expired for the last time.

In early 2018, Truc Phuong Company mortgaged the project’s land use right certificate to borrow VND 22 billion.

In addition to delaying the schedule and bringing the land to mortgage, this investor also failed to fulfill the financial obligations as prescribed when the time to put the land into use was extended, and the procedures for adjusting the project progress were not carried out. .

With the above issues, the People’s Committee of Da Huoai District proposed the Provincial People’s Committee to withdraw the project of Truc Phuong Joint Stock Company, and suggested the relevant departments to consider studying and guiding the handling of land when withdrawing the project because The land was mortgaged at the bank and distrained forever.