Arranging nearly 400 billion VND for 5 projects in Vinh city

Vinh City is focusing on mobilizing resources to prioritize the construction of urgent projects. Photo: Mai Hoa

In order to solve the capital source to complete some unfinished and prolonged investment projects, and at the same time arrange counterpart capital to implement some urgent projects of the city,City People's Councilhas just passed a resolution to supplement the city budget for the 2021-2025 period to implement a number of projects in the area.

Recently, the city has focused on allocating resources to upgrade many roads. Photo: Mai Hoa

Accordingly, there are 3 unfinished and prolonged investment projects that need continued capital allocation to restart or additional capital for appropriate adjustment: Upgrading and expansion projectsLenin Streetwith a total additional capital of nearly 100 billion VND; Nghi Kim drainage system project (phase 1) with additional capital of more than 22.6 billion VND; Project to thoroughly treat environmental pollution at Dong Vinh landfill with additional capital of more than 10.7 billion VND.

These three projects have a long investment period and have been repeatedly petitioned by the people at meetings of voters of People's Council delegates at all levels; typically, the Le Ninh road project lasted nearly 10 years.

Tran Phu Street was demolished, creating ventilation for Vinh urban space. Photo: Mai Hoa

In addition to the 3 old projects, there are 2 new projects starting construction with the province deciding on the investment policy and capital structure including the central budget, provincial budget and counterpart funds of Vinh city.

Specifically, for the project to build an 18-meter planned road connecting National Highway 46 with Vinh - Cua Lo Boulevard, the total investment is 145 billion VND; of which the additional central budget with a target for the locality is 80 billion VND and the city's counterpart budget is 65 billion VND.

The project to build a drainage ditch along Le Nin Street, from National Highway 46 to Bac Canal, has a total investment of 120 billion VND; of which the provincial budget is 100 billion VND and the city budget is 20 billion VND.

Along with the decision to allocate capital to implement the above 5 projects, the City People's Council also assigned the City People's Committee to focus on exploiting capital sources to meet capital requirements in each investment phase and resolutely clear the land to implement the projects on schedule, not to prolong or increase capital sources for the projects./.