HCM City seeks VND17.2trn from state budget for key urban projects
HCM City has sent an urgent request to the Ministry of Planning and Investment for a VND17.2trn (USD753m) state fund allocation during the 2021-2025 period to complete three key projects in the city.
|A corner of Xuyen Tam Canal.|
According to the city authorities, limited budget and construction regulations have affected the investments into canal dredging, urban landscape and environmental projects. The current priority is to use the city budget for Covid-19 prevention tasks.
Three key projects are the Moc Bai-HCM City Highway with a VND15.9trn investment (USD695m). HCM City authorities requested support of over VND5trn for ground clearance. This project is hoped to better meet travel and transportation demands while easing traffic flow on National Highway 22. It is a part of the Asian Highway Project and will connect economic zones and urban areas of the southern region with ports and airports.
The second project is the Xuyen Tam Canal renovation and upgrades that will affect all canals in Go Vap and Binh Thanh districts, from Nhieu Loc-Thi Nghe to Vam Thuat canals. These are severely polluted canals and the residents have been encroaching on the canals for a long time. The estimated investment is over VND9.3trn (USD406m).
The last project is the Hy Vong Canal renovation that cost over VND1.9trn (USD83m). The project is the solution for flooding in Tan Son Nhat Airport and the surrounding 51.3ha of land.
HCM City authorities promised to speed up progress on the projects as they would be a major step forward in the city's sustainable development.
The newly-adjusted master plan for Ho Chi Minh City must ensure that its residents’ interests are a top priority, Secretary of the HCM City Party Committee Nguyen Van Nen has said.
HCM City should focus investment on flood-prevention, environmental protection, public transport and traffic-congestion projects to improve both quality of life and economic growth, the city People’s Council has said.