Proposal to stop 38 projects, total investment capital of 11.544 billion VND in Ho Chi Minh City

Ho Chi Minh City Urban Infrastructure Construction Investment Project Management Board (Management Board) has just issued document No. 659/BHTĐT-KHDT proposing that Ho Chi Minh City People's Committee stop implementing 38 urban infrastructure projects.

Many drainage system improvement projects are proposed to be stopped. In the photo is a flooded spot on Highway 13 passing through the city. Thu Duc.

The reason for the proposal to stop is because after review, some projects overlap with local projects and the target scale is no longer realistic and does not ensure investment efficiency and the technology is outdated. . The total investment of 38 projects proposed to be discontinued is 11.544 billion VND.

Most of the projects proposed to be discontinued are drainage system improvement projects and environmental sanitation projects in the City.

Some projects have large investments such as: Investment project in Nhieu Loc - Thi Nghe canal monitoring system and canals in the City (1.484 billion VND); The project to build the Ho Chi Minh City Flood Prevention Operation Center has an investment capital of 1.498 billion VND. The Management Board believes that there is no need to invest because the task is not urgent and the large capital source of the City has not been balanced.

Of the 38 projects proposed to stop implementation, 36 projects have not been allocated medium-term capital and only 2 projects have been allocated medium-term capital.

The Urban Infrastructure Construction Investment Project Management Board is one of the Boards assigned to implement many projects with a large amount of investment capital. In 2024, the Board is assigned 12.918 billion VND of public investment capital, expected to disburse 1.584 billion VND by the end of the first quarter (reaching 12%).