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HCMC wants 17 public-invested projects suspended

The Saigon Times

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HCMC – The HCMC People’s Committee has proposed suspending 17 long-delayed public-invested projects to save over VND1,400 billion for more important ones.

On December 7, the HCMC People’s Council began its eighth and year-end session to review and discuss key factors for the city’s development.

As part of the document submitted to the meeting by the HCMC People’s Committee, 17 projects are proposed to be suspended to save money for more important ones such as Thu Thiem 4 Bridge, Can Gio Bridge, Beltway 4, and Xuyen Tam Canal.

In particular, the committee wants to allocate VND2,170 billion to six projects at the district level and VND6,650 billion to dredge and upgrade Xuyen Tam Canal linking Binh Thanh and Go Vap Districts.

As for 17 suspended projects, there are 11 projects in Thu Duc City, three in Hoc Mon District, two in Tan Phu District and one in Binh Thanh District.

The suspended projects with over VND100 billion in investment include the expansion of Do Xuan Hop Street, land clearance and construction of Nguyen Duy Trinh Street, overpass construction in front of the new Mien Dong coach terminal and other small projects, mainly building schools.

Most of them have yet to be allocated money and their investors have actively proposed requests for a stoppage.

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