HCM City proposes over 17 trillion VND to carry out 3 key projects

The People's Committee of Ho Chi Minh City has just sent an urgent document to the Ministry of Planning and Investment proposing to allocate capital from the central budget in the 2021-2025 period to invest in 3 urgent key projects.

The HCM City - Moc Bai expressway. Photo: (laodong.vn)

Accordingly, the southern hub requested the central budget to support 5.9 trillion VND for compensation and site clearance of the HCM City - Moc Bai expressway project. The project is expected to be invested in the form of a public-private partnership - BOT contract.

For the improvement of Xuyen Tam Canal, the city is expected to be supported with the full cost of investment. The project has a total investment of over 9.353 trillion VND, including 3.867 trillion VND for site clearance, 4.860 trillion VND for construction, and the rest for management and consultancy costs.

The city also requested the central budget to support all capital to invest in the improvement of the Hy Vong Canal in Tan Binh district. The total investment capital of the project is 1.980 trillion VND, of which the construction cost is 168 billion VND, the cost of compensation for site clearance is 1.596 trillion VND and other expenses.

According to the HCM City People’s Committee, the city has been prioritizing the use of budget capital to ensure funding for COVID-19 prevention and control, so the allocation of funds for public investment projects is very difficult. Therefore, the city proposed the Ministry of Planning and Investment consider supporting and submitting to the Prime Minister for approval./.