Hanoi terminates investment project for park of nearly 30,000m2

Specifically, in Decision No. 231, dated June 5, 2023 of the Department of Planning and Investment of Hanoi City, the operation of the Investment project "Amusement park complex and auxiliary facilities of nearly 30,000 m2 at No. 151, 153 Yen Phu Street, Tay Ho District, Hanoi City" was terminated.

It is known that this project has investment policy decision No. 2999/QD-UBND dated June 16, 2018 of Hanoi People's Committee, the investor is Hanoi Entertainment Services Investment and Development Company Limited.

The nearly 30,000m2 amusement park and auxiliary complex has been abandoned for many years (photo: Huu Thang).

According to the Hanoi Department of Planning and Investment, the reason for the project termination is that the investor is not allowed to continue using the investment location and does not carry out procedures to adjust the investment location within 6 months from the date of not being allowed to continue using the investment location.

Also according to this decision, the project investor is responsible for completing the investment project liquidation procedures and performing the investor's obligations according to the provisions of law.

Source: https://www.nguoiduatin.vn/ha-noi-cham-dut-hoat-dong-du-an-dau-tu-cong-vien-gan-30-000m2-a611605.html