By 2023, the city expects to disburse VND47 trillion ($1.9 billion) of public funds, including VND15.7 trillion ($632 million) for municipal-level projects.
The Hanoi People’s Council has approved a resolution on the implementation of 23 public projects worth a combined investment capital of VND12.3 trillion (US$520 million).
Vinh Tuy 2 Bridge project is under construction in Hanoi. Photo: Vu Thanh |
In addition, the municipal People’s Committee also agreed to adjust the investment policies for eight projects with total capital of VNVD1.27 trillion ($53.8 million).
The municipal legislative body urged the local authorities and contractors to ensure smooth execution and complete the projects as scheduled.
The resolution noted the significance of accelerating the site clearance under the Law on Public Investment, and drafting project feasibility reports in line with suggestions and recommendations from related units, and agencies for effective implementation.
The municipal People’s Committee is tasked with supervising the progress of each project and maintaining frequent communication with investors during the project execution, aiming to prevent the waste of public resources and addressing the latter’s concern in administrative procedures.
This year, the city has set up two scenarios for public investment. In the optimistic scenario, Hanoi is expected to disburse 90% of the public funds of VND51.58 trillion (US$2.07 billion). Meanwhile, a less favorable case would see the disbursement rate at 82.6%.
In 2023, the city expects to disburse VND47 trillion ($1.9 billion) of public funds, including VND15.7 trillion ($632 million), for municipal-level projects.
Key projects in 2023 would include the Hanoi Children Hospital-Phase 1, the Children Palace, the Yen Xa Wastewater treatment plant, and the Soc Son waste treatment complex Phase II.
Overall, Hanoi needs VND321.14 trillion ($13.6 billion) for the five-year public investment plan in the tenure 2021-2025, of which VND62.3 trillion ($2.64 billion) was allocated for the 2021-2022 period, or 26.5% of the total.
Other News
- Underground tunnels between metro lines planned in Hanoi
- Propaganda poster contests launched for Hanoi’s 70th liberation anniversary
- Hanoi pledges to facilitate investors at Hoa Lac Hi-tech Park
- Hanoi opens urban fire prevention training center
- Hanoi to tackle traffic congestion on Lang Road for US$826M
- Hanoi identifies culture, education as key pillars in relations with Japan
- Hanoi, Russian Far East region foster tourism cooperation
- Red River Delta Master Plan 2021-2030 approved
- Hanoi cracks down on food safety violations
- Hanoi welcomes 740,000 visitors for Reunification Day and May Day
Trending
-
Vietnam: "Slow travel" by train becomes a trend
-
Vietnam news in brief - May 12
-
Hanoi pledges to facilitate investors at Hoa Lac Hi-tech Park
-
Propaganda poster contests launched for Hanoi’s 70th liberation anniversary
-
Bas-reliefs on Hue's nine dynastic urns listed as UNESCO heritage
-
Hanoi's oldest book street preserving the city's reading culture
-
Private investors: Key to build more parking lots in Hanoi
-
PM urges Cambodian cooperation to promote sustainable use of Mekong River
-
Vietnam seeks more information on Cambodia’s Funan Techo canal project