Ho Chi Minh City using budget capital to invest in 2 trillion infrastructure projects

Vice Chairman of the City People’s Committee. Tran Vinh Tuyen has read the 7 submitted to the City Council for approval; In particular, there is a proposal to invest two projects Group A using the state budget with a total value of VND9,500 billion.

The first project is the Rach Chiec National Sports Complex in An Phu Ward, District 2. With this project, the city is also planning to invest with 12 main items, total capital of more than VND8 billion.

In the period 2018-2021, the project has 900 households have to relocate clearance. To take the initiative in the process of site clearance and ensure the suit with the progress of capital mobilization. It is expected that the project will clear the site clearance area into a separate project and call for investment according to each project item.

Ho Chi Minh City using budget capital to invest in 2 trillion infrastructure projects

The second project is the Phan Dinh Phung Sports and Exercise Center which is implemented in the form of BT with a total capital of about VND 1,500 billion.

Also at the City Council meeting, the city government. Ho Chi Minh City also proposed based on the efficiency of work to adjust the coefficient of income increase for cadres, civil servants and officials. The maximum support level in 2018 is 0.6 times. By 2020, the city will increase 1.8 times. To implement the policy of increasing the income for cadres, civil servants, People’s Committee. The city budget needed more than VND2,340 billion to spend on more than 11,600 public servants; nearly 122,160 officials and 6,440 non-specialized officials of communes, wards and townships.

You are reading the article Ho Chi Minh City using budget capital to invest in 2 trillion infrastructure projects in the Real Estate category at https://realestatevietnam.com.vn/. Any information sharing, feedback please contact through Hotline (+84) 898 898 688 (24/7) or email to contact.vietnamrealestate@gmail.com.
Special thanks!