The Roli Quang Tri Cement Project lost their license on February 15 due to an extremely delayed schedule.
Chairman of People’s Committee of Quang Tri Nguyen Duc Cuong signed the papers to revoke the license.
Roli Investment Company was licensed by the provincial People’s Committee to build the largest cement plant in the province in 2009.
The company announced they are unable to continue the project without legitimate reasons, said Mr. Cuong.
The company will suffer costs of returning land allocated for the project to the People’s Committee of Cam Lo District.
Roli Quang Tri Cement Plant was designed to produce 1.2 million tons of cement per year. It broke ground in June 2009 in Cam Tuyen Commune in Cam Lo District.