HCMC – The HCMC government has proposed spending an additional VND1.3 trillion to support residents affected by the Thu Thiem New Urban Area project in Thu Duc City.
At the first meeting of the 10th municipal People’s Council for the 2021-2026 tenure on June 24, HCMC Vice Chairman Vo Van Hoan delivered a document on the amendment and supplementation of some support policies for residents affected by the project, the local media reported.
Accordingly, the municipal government sought the municipal People’s Council’s approval for increasing the compensation for some residents.
It also suggested eliminating some shortcomings in the deployment of support policies.
If the city resettles the households affected by the projects to apartments, it will need 17,000 square meters of land.
The money for the compensation and resettlement will be sourced from the revenue of the auction of land lots in the new urban area.
The municipal government also proposed taking responsibility for the amendment and supplementation of support policies for residents affected by the project.
At the meeting, Hoan delivered a document on the city’s supplementary budget collection and spending plan for this year, including the handling of the advance capital from the city’s budget for the Thu Thiem New Urban Area project and the loan interest payment.
Moreover, the municipal government proposed adding over VND41 trillion to the city’s estimated budget revenue this year, including VND14 trillion from a fund of 12,500 apartments, over VND25.3 trillion from the auction of land lots, VND1.6 trillion from the conversion of resettlement apartments into commercial apartments and VND164 billion from the resettlement arrangement fund.
In addition, the municipal People’s Council was asked to add nearly VND37 trillion to the city’s estimated budget spending this year and allocate the amount to the management board of the Thu Thiem New Urban Area project to repay the capital advanced from the city’s budget and the interest of loans under the Government Office Announcement 26 dated April 1.
