Time finally runs out for delayed Gia Lai project

August 22, 2011 | 17:00

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The door has slammed on a long delayed Gia Lai province Australian-backed project.

Gia Lai illustration photo

The province’s people’s committee has revoked the investment certificate of Dong Xanh Gia Lai Joint Stock Company’s seven year delayed, $4.5 million project to build a 195.8 hectare farm with modern Australian technology.

The company, located in the province’s Pleiku city, was headed by Pham Van Khoa, an overseas Vietnamese from Australia.

Early this year, the committee also enacted a decision ending the operation of this project. Under which, the company was required to remove all of its assets from the site already given to it by the province before July 25, 2011.

Granted an investment certificate in 2004 the project, located in Ia Pech commune, failed to be implemented despite several warnings, according to the provincial Department of Agriculture and Rural Development.

A department source said the company did not want to carry out the project as it wanted to transfer it to another investor.

The source said the project was given all possible preferential conditions for land sites, investment procedures and infrastructure works such as roads, electricity and clean water.

This project, expected to employ 200 local workers after completion, was divided into two stages. The 2005-2007 period would see construction of offices and breeding facilities and the post-2007 period to witness construction of slaughtering houses, and food and animal feed processing chains.

By Khoi Nguyen

vir.com.vn

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