HCMC accelerates payment and settlement of public investment capital

Photo for illustration. (Source: sggp.org.vn)

The Chairman of the City People’s Committee assigned departments, branches and investors a number of tasks to ensure the disbursement rate of public investment capital to implement payment and settlement of investment projects; not to allow the situation of arranging capital plans larger than actual needs, affecting the general disbursement of public investment capital of the city.

He also requested to resolve the payment and settlement of some specific projects, such as the construction of Tan Ky Tan Quy Bridge, renovation of Hiep Tan canal I Tan Phu district, construction of Thoi An Primary School in District 12 and construction of the drainage system on Tran Van Muoi street in Hoc Mon district.

In August, the City Department of Finance was assigned to urgently review and submit to competent authorities for approval the final settlement of six projects. They include renovation, expansion and upgrading of the first phase of Rung Sac road, Can Gio district; Controlling tides of Bong Bridge, Binh Trieu, Binh Loi, and Lang canal; Renovation of the drainage system of Ly Chieu Hoang street; Renovation of drainage system of Kinh Duong Vuong street; Renovation of the drainage system of Binh Loi street (from Luong Ngoc Quyen to Vam Thuat river) and Compensation and site clearance to implement the Urban upgrading project in Binh Thanh district./.