HCMC seeks $960 mln from state budget for six major projects

Nov 20th at 16:32
20-11-2021 16:32:18+07:00

HCMC seeks $960 mln from state budget for six major projects

HCMC has asked the central government for VND21.7 trillion ($960 million) to upgrade three hospitals and build three infrastructure projects.

HCMC seeks $960 mln from state budget for six major projects

In a proposal sent to the Ministry of Planning and Investment recently, it was proposed the government allocate the city the required sum over the next five years.

Of the fund, VND4.5 trillion would be used to provide three general hospitals in Thu Duc City, and Hoc Mon and Cu Chi districts advanced medical equipment.

The city is upgrading the hospitals to improve their capacities, contributing to easing the burden on healthcare facilities in the inner-city area.

The rest of the fund would be used to upgrade two canals and build an expressway.

Xuyen Tam Canal flows more than eight kilometers (almost five miles) through Go Vap and Binh Thanh districts. The project to upgrade it is estimated to cost VND9.35 trillion. It would dredge the canal bed, build embankments and roads along its sides as also a sewage system.

A section of Xuyen Tam Canal in HCMC's Binh Thanh District in 2017. Photo by VnExpress/Quynh Tran

Renovation of Hy Vong Canal, which runs 1.8 kilometers through Tan Binh District, will enable it to function as a drainage canal for Tan Son Nhat International Airport. The VND1.98 trillion project, when complete, would help improve the environment along the Hy Vong canal and reduce flooding at the airport.

Construction of the VND15.9 trillion HCMC-Moc Bai Expressway is set to begin in 2023 and finish in 2025.

It will run about 50 kilometers, linking Ho Chi Minh City with the neighboring province of Tay Ninh that borders Cambodia.

The project will help complete the Southern Key Economic Zone traffic network, reduce overload on National Highway 22, and increase road capacity between the city and Cambodia.

Vnexpress





NEWS SAME CATEGORY

Vietnam household spending to return to conventional patterns in 2022: Fitch Solutions

The estimated consumer spending growth of 5.7% in 2022 stays in line with the agency’s forecast of economic growth by a real rate of 8% year on year.

Vietnam Gov’t to push for digital society for public’s benefits

Only when the people are aware of the benefits of non-cash payments then the Government’s efforts could be considered successful.

Consumers more prudent with post-pandemic personal finances

 After giving birth to their second daughter, Thanh Van, a 39-year-old office worker in Ha Noi, had to quit her job because she could not afford the cost of hiring...

Prices increase despite pandemic restrictions easing

While most manufacturing enterprises resumed operations as pandemic restrictions were eased, significant challenges remain because of the rising cost of gasoline...

E-commerce helps boost domestic market, exports: experts

The national plan for e-commerce development in the 2021-25 period aims to turn e-commerce into one of the pioneering areas of the digital economy, helping enhance...

Dong Nai Province remains attractive FDI destination despite COVID

Despite the prolonged COVID-19 pandemic, in the first 11 months of this year Dong Nai attracted nearly US$1.1 billion in foreign direct investment, exceeding its...

Overspend in the works for reboot of national economy

Vietnam may not be able to increase its budget deficit next year in order to ensure state budget spending, with the economy still sabotaged and business revenues...

Confidence climbing in foreign business attitudes

Business sentiment has edged higher in the past month as investors from nations as diverse as India and Germany grew slightly more optimistic about upcoming...

Forum seeks ways to promote Viet Nam - US trade in new context

Trade has become a pillar of the growing bilateral relationship between Viet Nam and the US, Vice Chairman of the Viet Nam Chamber of Commerce and Industry (VCCI)...

Vietnam, US trade to hit unprecedented $100 billion

Vietnam–U.S. trade could reach $100 billion for the first time this year, up 221 times against the figure in 1995 when the two countries first established...


MOST READ


Back To Top