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City approves resolution on mid-term investment plan for the 2016-2020 period (06/12/2017)

HNP - In framework of the 5th session, the Municipal People’s Council deputies discussed and approved resolution on mid-term investment plan for the 2016-2020 period of Ha Noi, and lists of key works and priority fields of infrastructure investment for the 2016-2020 period.

of Department of Science and Technology Nguyen Manh Quyen presents proposal at the session.

According to the approved resolution, the Municipal People’s Council decided to supplement project on building overpass at Hoang Quoc Viet - Nguyen Van Huyen intersection, and complete Nguyen Van Huyen street according to the planning. The project is funded by state budget; total investment is estimated at VND 503 billion. The Municipal People’s Council gave approval in principal under Document No. 477/HDND-KTNS dated September 19, 2017.


Another one is project on building tunnel for intersection of Ring Road 2.5 - Giai Phong street. The project is funded by state budget; total investment is estimated at VND 672 billion. The Municipal People’s Council gave approval in principal under Document No. 407/HDND-KTNS dated August 23, 2017. The last one is project on building tunnel of Le Van Luong street - Ring Road 3 according to BT projects; total investment is estimated at VND 550 billion. The project is proposed by Tasco Company, and included in the list of PPP projects which was submitted to the Municipal Party Committee in September.


Apart from the three projects, the Resolution gave approval for changing way of investment for other projects, including projects on urban railway lines, Thuong Cat bridge, Ring Road 4, and Ha Noi Heart Hospital Medical Center in Tay Ho.


The deputies also discussed and finalized issues relating to project on supporting investors of pilot urban railway lines (Nhon - Ha Noi Train Station section). The project includes two parts, namely supporting implementation of the project and providing training programs for Ha Noi Urban Railway Management Board officers; total investment is US$ 6,520,028, of which US$ 5,800,000 from ADB. The Municipal People’s Committee is in charge of re-borrowing ODA; total amount is US$ 5,800,000. The Municipal People’s Council asked the Municipal People’s Committee to closely mange the loan, maintain consultancy efficiency and project progress, and settle payment according to regulations.


In general, after amendment, Ha Noi’s list of key projects now includes 55 projects with total investment of around VND 487,183 billion. 27 of them are city budget funded projects, 26 are PPP projects, and two receive investment of the private sectors.


The People’s Council also asked for up-to-date information of the projects.

By Mai Phuong

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