Metro project HCMC will submit to the National Assembly to adjust the total investment

The government will submit to Congress on the adjusted total investment both projects in HCM City Urban Railway Line 1 (Metro No. 1, Ben Thanh – Suoi Tien) and Line 2 (Metro No. 2, Ben Thanh – Tham Luong).

The Office of the Government has announced the conclusion of Prime Minister Nguyen Xuan Phuc at the meeting on the implementation of urban railway project. Ho Chi Minh City, Line 1 (Metro No. 1, Ben Thanh – Suoi Tien) and Line 2 (Metro No. 2, Ben Thanh – Tham Luong).

Specifically, the Prime Minister concludes that the above-mentioned urban railway projects have been approved by the Government, ministries and sectors through specific guidelines and decisions. Based on that, the HCMC People’s Committee has decided to invest in Group A projects.

“Project HCMC urban railway, line 1 (Ben Thanh – Suoi Tien) was Minister of Transport authorized by the Prime Minister, on behalf of the government report to Congress at the end of the session (from from 2011 to 2017. In order to ensure legal tightness, 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, No investment policy review, “the Prime Minister concluded.

Metro project HCMC will submit to the National Assembly to adjust the total investment

According to reports 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 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 related content. be accountable to the project, be lawful, not lose, fight against waste, corruption or group interests.

~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate news

To ensure the implementation of the project without interruption, promote the efficient use of capital, soon put the project into operation to overcome the traffic congestion of the city, the Prime Minister assigned the Ministry of Transport emergency To complete the evaluation report on the adjustment of total investment on the basis of receiving opinions of the concerned 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.

After consulting the Ministry of Planning and Investment on the capital, Prime Minister assigned the Ministry of Transportation completed the Proposal of the Government, reporting to the Prime Minister to the Minister of Transport authorized by the Prime Minister, On behalf of the Government, report to the National Assembly.

You are reading the article Metro project HCMC will submit to the National Assembly to adjust the total investment in the Real Estate category at https://realestatevietnam.com.vn/.Any information sharing, feedback please email to contact.vietnamrealestate@gmail.com, Hotline (+84) 898 898 688 (24/7).

Special thanks!