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Monday, October 18, 2021

HCMC asks for more capital for two transport projects

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HCMC – HCMC has proposed that the Government allocate more capital from the State budget for the HCMC-Moc Bai Expressway project and component 1A of the HCMC Belt Road No. 3.

The municipal government said these are two key transport projects that connect the city with neighboring provinces.

The city will need VND5.9 trillion from the State budget for site clearance of the HCMC-Moc Bai Expressway project, which links the city with Tay Ninh Province.

Meanwhile, component 1A of the HCMC Belt Road No. 3, the section from Provincial Road No. 25B to the HCMC-Long Thanh-Dau Giay Expressway, needs some VND1.8 trillion from the State budget due to an increase in site clearance cost.

In a document sent to the Ministry of Planning and Investment, the People’s Committee of HCMC said the HCMC-Moc Bai Expressway project needs an investment of over VND13.6 trillion, which is VND2,527 billion higher than the pre-feasibility study in October 2019.

According to the municipal government, the site clearance cost for the project is now estimated at nearly VND5,118 billion, while it was initially estimated at just VND2,919 billion. Besides, the project will also comprise intersections between the expressway and the Belt Road No. 3 in Hoc Mon District and Provincial Road No. 8 in Cu Chi District, which were not included in the initial plan.

In an official dispatch signed recently by the prime minister, the Government plans to allocate VND13.926 trillion from the State budget for the city’s medium-term public investment in the 2021-2025 period, including VND6.957 trillion of domestic capital and VND6.968 trillion of official development assistance (ODA).

The domestic capital is used for the new HCMC Children’s Hospital, the HCMC Oncology Hospital’s second campus, the construction of the Saigon River’s left bank, the renovation of the Tham Luong-Ben Cat-Nuoc Len canals and the An Phu Intersection in Thu Duc City projects.

The ODA is used for seven projects such as the renovation of the Tau Hu-Ben Nghe-Doi-Te canals, environmental sanitation and green transport projects.

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