Mau Son cable car project cancelled due to investor problemsAuthorities of Lang Son have withdrawn the investment license of a project to build a cable car to Mau Son Mountain due to some problems related to its investors. Mau Son MoutainThe VND3-trillion (USD136.3 million) project is invested by Nui Tuyet Mau Son Joint Stock Company which comprises four shareholders. In October 2016, the project was provided with investment licence to build the 5.7-kilometre cable car route and other tourism facilities on Mau Son Mountain. Apart from this, the investor also needed to deposit around VND20 billion for the project implementation as regulated. Local authorities have worked with the investor on the project for several times, but the situation has not improved.


Source:   VietNamNet News
February 12, 2018 08:48 UTC