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HCM City announces public investment

Representatives of Ho Chi Minh City’s People’s Council’s eighth term on April 21 approved a public investment proposal on 1,277 projects with a total investment of 137 trillion VND until 2020.
HCM City announces public investment ảnh 1The design of the Ben Thanh - Suoi Tien Metro line (Source: VNA)


HCM City (VNA) – Representatives of Ho Chi Minh City’s People’s Council’s eighth term on April 21 approved a public investment proposal on 1,277 projects with a total investment of 137 trillion VND (6.2 billion USD) until 2020.

Forty percent of the budget will be allocated to reducing traffic congestion and accidents in the city.

About 20 percent of the total budget will be given to projects that would improve human resources, while 15 percent would be slated for flood prevention projects.

About 107 trillion VND will be allocated for public investment, based on the ability to collect State budget funds to the city from 2016 to 2020, according to the municipal People’s Committee.

The city has more than 370,000 households that cannot access clean water. It has built an additional 1,228km of pipelines and 28 water supply stations, bringing clean water to 150,000 households.

With the allocated budget, the city plans to bring clean water to 117,000 households.-VNA

VNA
#public investment#budget#traffic congestion#flood prevention#clean water
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