Proposal to stop 38 projects with total investment capital of 11,544 billion VND in Ho Chi Minh City
The Ho Chi Minh City Urban Infrastructure Construction Investment Project Management Board proposed the City People's Committee to stop implementing 38 projects with a total investment capital of VND11,544 billion because the scale is no longer suitable for reality and does not ensure investment efficiency.
The Ho Chi Minh City Urban Infrastructure Construction Investment Project Management Board (Management Board) has just issued Document No. 659/BHTĐT-KHĐT proposing the Ho Chi Minh City People's Committee to stop implementing 38 urban infrastructure projects.
 |
| Many drainage system improvement projects have been proposed to be suspended. In the photo is a flooded area on Highway 13 through Thu Duc City. |
The reason for the proposed suspension is that after review, some projects overlap with local projects and the target scale is no longer suitable for reality as well as does not ensure investment efficiency and the technology is outdated. The total investment of the 38 projects proposed to be suspended is 11,544 billion VND.
Most of the projects proposed to be suspended are drainage system improvement projects and environmental sanitation projects in the city.
Some projects with large investment levels such as: Project to invest in the monitoring system of Nhieu Loc - Thi Nghe canal and canals in the city (1,484 billion VND); Project to build the Ho Chi Minh City Flood Prevention Operation Center with an investment capital of 1,498 billion VND, the Management Board believes that there is no need to invest because the task is not urgent and the city has not been able to balance the large capital source.
Of the 38 projects proposed to be suspended, 36 have not been allocated medium-term capital and only 2 have been allocated medium-term capital.
The Urban Infrastructure Construction Investment Project Management Board is one of the Boards assigned to implement many projects with quite large investment capital. In 2024, the Board was assigned 12,918 billion VND of public investment capital, and it is expected that by the end of the first quarter, the Board will disburse 1,584 billion VND (reaching 12%).
Source
Comment (0)