Struggling to find investors for billion-dollar super project in Van Don

On June 24, information from the People's Committee of Van Don District said that currently, the Monbay Van Don high-end resort, entertainment, golf course and residential area project has not found an investor due to many difficulties.

In February 2022, the project of the high-end resort, entertainment, golf course and Monbay Van Don residential area interacting with tourism activities was approved by the Prime Minister in principle for investment.

Implementation area of ​​the high-end resort, entertainment complex, golf course and residential area Monbay Van Don

A few months later, Quang Ninh province approved the investor selection plan and only HDMon Van Don Investment Joint Stock Company submitted its registration documents.

After organizing the bidding but there was no investor who met the capacity and experience requirements in the Bidding Documents, the Van Don Economic Zone Management Board sent the documents to the Department of Planning and Investment of Quang Ninh for appraisal, reported to the People's Committee of Quang Ninh province to issue Decision No. 3340/QD-UBND dated November 14, 2022 on canceling the project bidding.

To select an investor, the process of selecting an investor to implement the project will have to be re-conducted. Although the project has been approved by the Prime Minister to select an investor through bidding, Van Don District said that up to now, the land area previously assigned to HDMon Investment Joint Stock Company to implement the old project has been reclaimed by the People's Committee of Quang Ninh Province.

According to the People's Committee of Quang Ninh province, the reason for land reclamation is that HDMon Van Don Investment Joint Stock Company has issued a document announcing the termination of investment activities in February 2022. At the same time, on February 28, the People's Committee of Quang Ninh province issued a Decision to revoke and cancel the Decision on adjusting the project investment policy No. 42/QD-UBND dated January 6, 2017 for HDMon Van Don Investment Joint Stock Company; implemented according to the recommendation of the Inspectorate of Quang Ninh province and the direction of the People's Committee of the province... The land reclamation is to select another replacement investor.

People around the project area are affected due to planning problems.

It is worth mentioning that the billion-dollar project in Van Don district is slow to be implemented, leading to the fact that people in the planning area who want to repair or rebuild degraded houses will not be granted permission to ensure the current status of the land.

Speaking to Thanh Nien , a leader of Van Don district said that the locality is coordinating with the Quang Ninh Economic Zone Management Board to review the land use of the project to supplement information on the current status of land managed by the State and the area recovered by the Provincial People's Committee. This review is to ensure that the proposed form of investor selection is appropriate according to regulations.

The Monbay Van Don high-end resort, entertainment, golf course and residential complex is located in Ao Tien area (Ha Long commune, Van Don district). The project area is nearly 300 hectares, of which the land area is more than 279 hectares and the sea area is more than 20 hectares.

The project has a total estimated investment of nearly VND 25,000 billion, with a maximum operating period of 70 years. The project implementation progress is within 9 years, from the second quarter of 2022 to the end of the fourth quarter of 2030.

The project's goal is to build a new, synchronous and comprehensive technical infrastructure system, a high-end resort and entertainment complex, a golf course and a Monbay Van Don residential area.

At the same time, invest and diversify accommodation facilities, accommodation types and high-quality tourism and entertainment services; invest and operate urban areas with synchronous, civilized and modern technical and social infrastructure.

The housing product structure of the project includes 236 villas; 257 townhouses; 2,614 high-rise apartments; 606 social housing units. The scale and investment cost of social housing projects are determined by separate projects and are not included in the total investment of this project.

Source: https://thanhnien.vn/loay-hoay-tim-nha-dau-tu-sieu-du-an-ti-usd-o-van-don-185240624103157251.htm