On June 18, the Management Board of Nhon Hoi Economic Zone, Binh Dinh Province decided to terminate the Thi Nai Lagoon Amusement Park project in Quy Nhon City. This project was invested by Phu Son Thuan Construction Investment Joint Stock Company.
The reason for project termination is that the investor does not make a deposit or does not have a guarantee for the deposit obligation as prescribed by law for projects subject to investment project implementation guarantee.
Thi Nai lagoon area, where an entertainment project worth nearly 800 billion VND is planned to be implemented (Photo: Doan Cong).
Nhon Hoi Economic Zone Management Board has requested Phu Son Thuan Construction Investment Joint Stock Company to complete project liquidation procedures and fulfill the investor's obligations according to the law.
The Dam Thi Nai Amusement Park project was approved at the end of May 2022, with an area of over 30 hectares and a total investment of nearly 800 billion VND.
According to the plan, this entertainment area will include facilities such as a water park, aquarium, roller coaster system, adventure games, paintball and auxiliary facilities, green landscapes arranged interspersed with functional areas.
The project is expected to be completed and put into operation within 36 months from the date the investor is decided to allocate land or lease land.
According to the preliminary requirements on the capacity and experience of the investor registering to implement the project, Phu Son Thuan Construction Investment Joint Stock Company must be responsible for the cost of compensation and support for site clearance.
People in Nhon Hoi commune live a precarious life because their houses are dilapidated but cannot be rebuilt or repaired (Photo: Doan Cong).
According to regulations approved by the People's Committee of Binh Dinh province, the Management Board of Nhon Hoi Economic Zone has requested the investor to advance funds to pay compensation and site clearance. However, up to now, the investor has not yet implemented it.
Meanwhile, for many years, people living in this area have faced difficult living conditions, degraded houses and even abandoned ones due to "suspended" projects.
Source: https://dantri.com.vn/bat-dong-san/cham-dut-hoat-dong-du-an-khu-vui-choi-gan-800-ty-dong-o-binh-dinh-20240618141401780.htm
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