Ho Chi Minh City is responsible for adjusting capital of two metro projects

The Prime Minister assigned the Chairman of the People’s Committee of Ho Chi Minh City to commit and take full responsibility for the adjustment of total investment and the contents related to the project.

The Government Office has just announced the Prime Minister’s conclusion after the meeting on the implementation of the project of urban railway in Ho Chi Minh City at line 1 (Ben Thanh – Suoi Tien) and line 2 (Ben Thanh – Tham Luong ).

Total investment of two metro projects will be submitted to the National Assembly for approval in the next meeting.

Accordingly, after listening to the opinions of ministries, the Prime Minister said that two urban railway projects in Ho Chi Minh City had been preempted by the government, the ministries and sectors adopted the policy and decisions

Based on that, the People’s Committee of Ho Chi Minh City has decided to invest in Group A projects, during the implementation of the change, which changes the content of the project important national.

Accordingly, the project was approved by the Minister of Communications and Transport, acting on behalf of the Government, at the end of the year (from 2011 to 2017). In order to ensure legal security, it is necessary to submit to the National Assembly for adjustment of the total investment of both projects and adopt the policy of allocating capital for the adjustment of total investment.

According to a report of the People’s Committee of Ho Chi Minh City, the projects have been independently verified by foreign consultants, ensuring the appropriateness of adjusted total investment. At the same time, the city has advanced funds to pay for the contractor.

The Prime Minister assigns the Chairman of the People’s Committee of Ho Chi Minh City to commit and take full responsibility for adjusting the total investment and contents related to the project, ensuring the law, fight against corruption, corruption or group interests.

To ensure the uninterrupted development of the project, to promote the efficiency of the use of capital, to put the projects into use to overcome the traffic jams of the city, the Prime Minister assigned the Ministry of Communications and Transport to complete the appraisal report on total investment adjustment on the basis of receiving comments from the relevant ministries and the city’s commitments.

The Ministry of Communications and Transport shall decide according to its competence the establishment of specialists’ groups (with the participation of the concerned ministries and branches) for appraisal and strict compliance with the investment law and policies in the appraisal process.

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After reaching agreement with the Ministry of Planning and Investment on the capital source, the Ministry of Transport shall finalize the Government’s report and report it to the Prime Minister for assigning the Minister of Communications and Transport, authorized by the Prime Minister, On behalf of the Government, report to the National Assembly.

The appraisal and completion of the report should be urgently carried out in order to promptly report to the National Assembly at meeting in May.

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