Highland province projects seek investors

October 23, 2010 | 12:42

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The Central Highland province of Lam Dong has unveiled a list of 26 projects that require investment by 2020.

Six of them – the International University Village, Prenn Lake Tourism Zone, Dau Giay-Lien Khuong Expressway, Da LaÏt-Thap Cham Railway, Lien Khuong New Urban area, and Dan Kia Tourism Zone – are considered to be key and require a total of $8.3 billion-$8.8 billion.

The list also comprises nine industrial projects that need $3.1 billion and five transport works requiring more than $65 million.

Investment is also required to develop a new urban area and for projects in the agricultural, tourism, services and trading sectors.

The province would create investor-friendly conditions within the government's incentive framework, Huynh Duc Hoa, chairman of the provincial People's Committee, said.

Meanwhile, authorities are reviewing several tourism and real-estate projects to assess their rate of progress and resolve difficulties faced by investors.

They would withdraw licences if investors were found not to fulfill their commitments, Hoa warned.

In the last six years, 170 projects have had their licences cancelled, including 40 in the forestry sector.

VNS

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