Investors in Ninh Binh call for help because more than 102 billion VND in advance is stuck

NGUYỄN TRƯỜNG |

Ninh Binh - The investor has advanced more than 102 billion VND to build infrastructure for the system Duong Cement Factory project, but it has not been refunded for more than 10 years.

In 2008 and 2009, the investor, JINLIN INVESTMENT COPR Company - Taiwan (China) under Lucky Taiwan Cement Group (China), transferred a total amount of over 102 billion VND in advance to pay for site clearance compensation and build infrastructure to start the construction of the he Duong Cement Factory ( factory) with a capacity of 3.6 million tons/year.

Up to now, the factory has been in operation for 12 years but the investor has not yet been refunded the above advance payment.

Tuyen duong noi tu QL1A vao Nha may ximang He Duong hien nay da xuong cap nghiem trong nhung Nha dau tu van chua duoc hoan tra tien tam ung . Anh: Nguyen Truong
The road connecting National Highway 1A to system Duong Cement Factory is currently seriously degraded, but the Investor has not yet received an advance payment. Photo: Nguyen Truong

Talking to reporters of Lao Dong Newspaper, the investor representative said that in 2006, investors were welcomed to invest in Ninh Binh and always fulfilled their commitments and complied with Vietnamese legal procedures. During the project implementation, the company has always received the attention, sharing and support of Ninh Binh province.

In addition, the investor also tries to implement regulations, closely following the direction of the Ninh Binh Provincial People's Committee in managing and implementing the Factory project.

On August 2, 2007, the People's Committee of Ninh Binh Province issued Document No. 687/UBND-VP4 on agreeing to support 100% of the funding for site clearance compensation and ground leveling according to planning, funding for building roads of nearly 2km from NH1A to the factory and railway background with the road.

The document of Ninh Binh Provincial People's Committee clearly stated: The above support fund requires the investor to advance capital for implementation. Ninh Binh Provincial People's Committee will refund the tax that the Investor must pay when phase I - Factory goes into production.

Cac phuong tien tham gia giao thong tren tuyen duong nay gap rat nhieu kho khan. Anh: Nguyen Truong
Vehicles participating in traffic on this route face many difficulties. Photo: Nguyen Truong

"Implementing the above direction in the process of implementing the project of investor projects 15 times to transfer money to pay compensation for site clearance, infrastructure construction with a total amount of over 102 billion VND. In 2014, phase 1 of the factory has been put into stable operation, we have repeatedly issued a petition, suggest to be refunded the amount of money before but so far the provincial People's Committee has not received any documents on the provincial People's Committee." Investor said.

According to the representative of the Ninh Binh Provincial Department of Finance, the project to build infrastructure for the he Duong Cement Factory with a capacity of 3.6 million tons/year was approved for final adjustment by the Chairman of the Provincial People's Committee in Decision No. 1335/QD-UBND dated July 11, 2008 with a total investment of over 133.4 billion VND.

"The capital from the state budget but advanced to investors and budgets will be re -granted. Thus, according to the project approval decisions of the People's Committee of Ninh Binh Province, the project using the state budget capital, the Department of Finance is responsible for verifying the settlement, submitting to the People's Committee of Ninh Binh Province for approval of the settlement. know.

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