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Saturday,  Nov 25,2017,12:29 (GMT+7)

NA deputies fret over huge cost of airport project

The Saigon Times Daily
Tuesday,  Nov 14,2017,20:46 (GMT+7)
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NA deputies fret over huge cost of airport project

The Saigon Times Daily

HCMC – Many National Assembly (NA) deputies voiced their concerns over a rising investment in the Long Thanh airport project when discussing the feasibility study for the airport’s site clearance and compensation on November 13.

Deputy Duong Trung Quoc of Dong Nai Province was cited by Tuoi Tre newspaper as saying that there are many projects whose original costs are small but eventually soar.

Capital for site clearance and compensation for the airport project was first put at over VND13 trillion as reported by the government of Dong Nai Province, but is now more than VND23 trillion, according to deputy Phung Duc Tien of Ha Nam Province.

“Such an investment amount is just an estimate given in July, but the project is a large-scale one and needs a lot of time for implementation,” Tien said, fearing that the capital would rise over time. He is also worried that the Government’s backup fund of 10% for the Long Thanh airport project would not be sufficient to cover unexpected expenditures emerging from the implementation process.

Under the mid-term public investment plan in the 2016-2020 period, the NA agreed on allocating VND5 trillion to site clearance in the project. However, the Government now requests more than VND23 trillion.

As a result, around VND18 trillion will be taken from the backup fund of the mid-term plan. Nonetheless, it may be impossible to collect as enough budget revenues as planned.

According to Quoc, people in Dong Nai Province are hoping that the project will be carried out soon as little progress has been made over the past 12 years.

Regarding capital for the project, many deputies requested allocating capital for the airport project instead of using the VND80-trillion amount set aside for major transport projects of the country.

Minister of Transport Nguyen Van The said the mid-term capital will be mostly spent on expressway projects while little is given to railway and road projects.

However, according to NA Vice Chairman Phung Quoc Hien, it is stated in the NA’s resolution that VND80 trillion would be used for major projects whose cost is more than VND10 trillion each.

Therefore, the Government’s request that VND55 trillion out of VND80 trillion is spent on north-south expressway projects, VND7 trillion on railway projects, and VND8 trillion on 27 other projects is not reasonable, The said.

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