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HCM City to revoke long-delayed projects

HCM City authorities are planning to revoke “long-delayed or projects that are no longer feasible” that have affected thousands of home owners who have been asked to move to make way for these projects.
HCM City to revoke long-delayed projects ảnh 1A view of the Binh Quoi-Thanh Da urban area project, which has been delayed for years, affecting more than 4,000 households.

HCMCity (VNS/VNA) - HCM City authorities are planning to revoke“long-delayed or projects that are no longer feasible” that have affectedthousands of home owners who have been asked to move to make way forthese projects.    

Speaking at a recent meeting, Vo Van Hoan, vice chairman of the city People’sCommittee, said that he had urged the Department of Planning andArchitecture to instruct district authorities to review the feasibility ofprojects that have been delayed for years.

“The city will review all projects behind schedule, assess the capability ofinvestors, and take back land allocated to the projects, if necessary,” henoted.

Hoan has also asked the Department of Planning and Investment to chooseinvestors with solid financial capacity and experience in implementing majorprojects that will be allowed to continue.

The projects must include criteria for choosing an investor, including theamount of deposit needed for site clearance compensation and guaranteesfrom credit institutions.

Hoan asked that the Department of Construction consider giving licences fortemporary repair of homes affected by the delayed projects.

He also ordered the department to consider giving licences for construction oflow-rise housing on these areas. 

When residents are relocated to make way for projects, they mustbe compensated for the house in addition to the land, under regulations,according to him.

The city government has also asked project investors to cooperate withagencies that oversee any violation of the law, including tax obligations.

Inaddition, all district authorities must enhance oversight of illegalsplitting of land plots and transfer of land-use purposes in the districts.

As part of urban planning, eachdistrict every five years proposes plans or adjustments to projects in theirareas.

A number of districts in thecity most affected by urban planning, including Binh Thanh district, District10 and Thu Duc, Tan Binh and Tan Phu districts, have urged the city toagree to adjust many of their original plans.  

The districts’ original plans included construction of new roads, widening ofexisting roads, and demolishing of houses to make way for parks and otherpublic facilities.

With such long delays, caused mostly by a lack of city funds, all districtshave asked the city to abolish or adjust the plans, a few of which go back asearly as 1980. 

The city has agreed to all of the districts’ proposals to either abolish oradjust the original plans, and plans to offer favourable policies to residentswho have been affected.

Because of the costs and low profits of such projects, districts have notbeen able to call for investment for some of the projects andhave proposed abolishing the original plans.   

According to statistics of the Department of Planning and Architecture, thereare more than 14,000ha of land under these proposed areas called “mixedland” and “new residential land”. 

The city People’s Committee has identified around 600 projects with licencesthat should be revoked because of delayed implementation.

Of the more than 2,800 licenced projects, the city is considering revoking 180licences.

The main cause of the delayed projects is lack of agreement between houseowners and investors on the compensation price, according to experts./.  
VNA

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