Ho Chi Minh City People's Council approves public investment plan of over 142 trillion VND

Friday, 22/10/2021 17:41
The Ho Chi Minh (HCM) City People’s Council has approved a Resolution on the medium-term public investment plan for the 2021-2025 period with the city’s local budget capital.

The HCM City urban railway line No. 1 (Ben Thanh - Suoi Tien section). (Photo: sggp.com.vn)

Accordingly, medium-term investment capital sourced from the local budget in the 2021-2025 period totals 142.55 trillion VND; in which, capital from the Ho Chi Minh City budget deficit is more than 14.87 trillion VND; capital to balance the city’s budget is more than 127.6 trillion VND.

The city People’s Council agreed to allocate medium-term public investment capital of nearly 122 trillion VND and provision of more than 20.62 trillion VND in 2021-2025.

Prominent projects invested or continued to be invested in the period include: The HCM City urban railway line 1 (Ben Thanh – Suoi Tien section) with more than 6.56 trillion VND (out of total 43.757 trillion VND); and Metro Line 2 (Ben Thanh – Tham Luong section) with 500 billion VND (out of total of more than 47.890 trillion VND).

In the field of environment, projects include: HCM City environmental sanitation project (phase 2) with 2 trillion VND (out of total 11.132 trillion VND); and water environment improvement project in the Tau Hu - Ben Nghe - Doi - Te canal basin (phase 2) with 1.1 trillion VND (out of total 11.281 trillion VND).

At the same time, the City People’s Council approved the Resolution on adjusting the 2021 public investment plan with capital sourced from the local budget. Specifically, the year’s public investment plan was adjusted to 29.270 trillion VND, decreased by VND 2.705 trillion compared to the previous plan)./.

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