The Hanoi People’s Council today [July 6] approved the investment policy for 27 projects with total capital of VND5.17 trillion (US$221 million) and validated the capital increase of six existing ones with additional capital of VND634 billion ($27.13 million).
| Director of Hanoi’s Department of Planning and Investment Do Anh Tuan at the session. Photo: Thanh Hai/ The Hanoi Times |
The move is part of Hanoi’s adjusted public investment plan for the 2021-2025 period, which received the endorsement of 100% of deputies present.
The number of approved public projects was lower than the one proposed by the municipal People’s Committee with 47.
According to Director of Hanoi’s Department of Planning and Investment Do Anh Tuan, projects submitted by the city’s authorities are in the fields of transport and technical infrastructure (25 projects), culture-education-sports (10 projects) and irrigation (11 projects).
| Deputies of the Hanoi People's Council during the voting process. |
The Economic-Budget Committee under the Hanoi People’s Council, however, called for the approval postponement of three projects that are not compatible with current land-use planning, including the upgrade of Thach That General hospital; the construction and upgrade of technical infrastructure at Phu Thi and Duong Xa A industrial parks, Gia Lam District; the construction of road section Yen Vien – Dinh Xuyen – Ninh Hiep, Gia Lam District.
The approval of other projects have also been delayed due mainly to budget constraints, noted the committee.
