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Hanoi approves resolution on mid-term public investment plan for 2021-2025

10:00 PM, Mon December 16, 2024

The resolution approved the update and adjustment of the 5-year mid-term public investment plan for 2021-2025 at the city level, with the following key points.

The City People's Council delegates on December 10 voted to approve a resolution on updating and adjusting the 5-year mid-term public investment plan for 2021-2025 at the city level.

They also approved a resolution regarding the investment decisions, including approving adjustments to the investment plans and endorsing the proposed adjustments for several projects funded by public investment in Hanoi.

Các đại biểu HĐND Thành phố biểu quyết thông qua Nghị quyết

Deputies at the session. 

Accordingly, the resolution approved the update and adjustment of the 5-year mid-term public investment plan for 2021-2025 at the city level, with the following key points:

The total reduction in the 5-year mid-term public investment plan for the City's budget is $2.12 billion, including a reduction of $137 million in ODA loans; and a reduction of $2.02 billion in the City's domestic budget. Specifically, for the ODA loan source: a reduction of $137 million.

For the City's domestic budget: The adjustment reduces the 5-year public investment plan for the City's domestic budget by $2.02 billion for several tasks and projects:

City-level projects: The total reduction is $2.14 billion. National target program projects: The total increase is $29 million. Projects where the City budget supports district-level goals: The total reduction is $31 million. Funding for land clearance (GPMB) projects and infrastructure for land use rights auctions: The adjustment reduces the allocation by $39 million. Capital allocation for reinvestment to districts, towns, and cities from land lease revenue: An increase of $151 million.

Regarding the approval of investment decisions and adjustments to 14 public investment projects, the resolution approved the investment decisions and adjustments for 13 projects, including 1 Group A project and 12 Group B projects, with a total estimated investment of $836 million.

Specifically, the resolution approved investment decisions for 9 Group B projects with a total estimated investment of $305 million, to be carried out over two planning periods (2021-2025 and 2026-2030). Among them, 1 Group B project (in the wastewater treatment sector) uses the City's budget, with an estimated total investment of $18 million.

The resolution also approved adjustments to investment decisions for 3 Group B projects, with a total adjusted investment of $55 million, including 2 City-level projects with an adjusted total investment of $34 million, and 1 project using Thang Tien District's budget with an adjusted investment of $21 million.

At the same time, the resolution approved the investment decision for 1 Group A project (Yen Xa wastewater treatment plant) with a total adjusted investment of $470 million.

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