Public investment capital to reach by over VND350 billion
VGP - Ha Noi planned to raise its public investment capital by more than VND350 billion (US$13.8 million) in 2025, said Le Anh Quan, director of the Ha Noi Department of Planning and Investment.
Le Anh Quan, director of the Ha Noi Department of Planning and Investment presents the proposal at the 17th session of the 16th People's Council of Ha Noi, July 1, 2024
The Director made the proposal at the 17th session of the 16th People's Council of Ha Noi earlier this week, proposed adjusting the city's 2024 public investment plan and the 2025 public investment orientation, along with updates and adjustments to the city's medium-term public investment plan for 2021-2025.
The city is expected to increase its public investment capital by VND358.903 billion in 2025, compared to 2024.
Under this proposal, the Ha Noi People's Committee requested the City People's Council approve the adjustment of the 2024 public investment plan.
Specifically, regarding Official Development Assistance capital, VND6.03 billion (US$248,845) in ODA grants and VND2.97 billion (US$116,875) in ODA loans for the pilot urban railway project Nhon – Ha Noi Station (Line 3.1) will be reallocated to supplement the sustainable urban transport enhancement project for line 3 of the Ha Noi Urban Railway.
Regarding the central government's domestic budget, the plan includes reallocating funds among units responsible for land clearance for component 1.1 of the Ring Road 4 construction project.
Specifically, VND100 billion (US$3.9 million) will be reduced from Thanh Oai District's allocation, VND10 billion (US$394,000) from Soc Sơn District, and VND110 (US$4.33 billion) will be added to Ha Dong District.
For investment from the city's budget, the plan proposes reducing it by VND2.51 trillion (US$99.1 million) from various tasks and sources.
Meanwhile, the city's will increase allocation by VND2,5 trillion for 202 tasks and projects which are considered feasible and with a good disbursement potential.
The 2025 public investment capital is projected to be VND81,392.083 billion, an increase of VND358.903 billion from 2024.
Based on the feasibility assessment of medium-term public investment resources, the Ha Noi People's Committee has directed units to review the feasibility and disbursement potential of projects and propose adjustments to ensure alignment with medium-term public investment resources and the practical implementation capabilities of the projects./.
