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Saturday, June 22, 2024

Unused funds for Long Thanh airport proposed to be carried forward

By Nguyen Tan

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HCMC – Dong Nai Province has submitted a proposal to roll over unused funds for the Long Thanh airport project in the 2020-2021 period to next year.

This proposal was included in a statement regarding land revocation, site clearance compensation, and resettlement support for residents impacted by the project, which the Government presented to the National Assembly for consideration during the recent first part of its sixth sitting.

Under the proposal, Dong Nai authorities requested extending the use of the unused capital until the end of next year. The funds were allocated as part of the middle and long-term investment plan from 2016 to 2020 and from 2021 to 2025 until December 31, 2024, in order to facilitate the project’s progress.

The ministries of Transport and Finance have thrown their support behind Dong Nai’s request to extend the capital disbursement until next year. If approval is forthcoming, the estimated capital for the project in the coming year would surpass VND2,510 billion, including over VND1,543 billion carried forward from the 2021 investment plan and over VND966 billion from 2020.

Recognizing the project’s significance and the necessity of approving the extension for both project duration and fund allocation, the National Assembly Standing Committee has requested Dong Nai to provide further clarification to furnish a solid basis for the National Assembly’s consideration and approval.

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