Hai Duong City proposed to reduce nearly 90 billion VND of provincial budget allocated for 2 projects.

The investment project to complete the infrastructure of public land and clear the site of the Ngo Quyen mixed-use high-rise residential area, Thanh Binh ward is one of two projects proposed for capital transfer.

Of which, 76 billion VND is for the project to renovate and expand Vu Cong Dan Street connecting Hai Duong City with Cam Giang and Binh Giang districts; the rest is for the project to invest in completing the infrastructure of public land and clearing the land of the Ngo Quyen mixed-use high-rise residential area, Thanh Binh ward.

The reason is that the site clearance for these two projects encountered many difficulties, the policy mechanism changed, the land origin was complicated, leading to the need to adjust the site clearance plan and determine the technical stopping point of the project. After adjustment, the site clearance cost was reduced compared to the original plan.

Therefore, Hai Duong City has proposed to transfer the above amount of money from the two projects to ensure the completion of the disbursement plan for public investment capital from the provincial budget in 2025.

The project to renovate and expand Vu Cong Dan Street connecting Hai Duong City with Cam Giang and Binh Giang districts has a total investment of VND 1,042 billion. The project has been allocated capital of over VND 803 billion, of which the provincial budget will support VND 250 billion in 2025. By April 30, 2025, the project has disbursed VND 115 billion and is expected to disburse an additional VND 59 billion this year.

The project to invest in the construction of infrastructure for public land and site clearance for the Ngo Quyen mixed-use high-rise residential area in Thanh Binh Ward has a total investment of nearly 33 billion VND. The project has been funded with more than 25.3 billion VND, of which the provincial budget will support over 19.5 billion VND in 2025. The project has disbursed more than 4.7 billion VND and is expected to disburse an additional 1 billion VND this year.

Source: https://baohaiduong.vn/tp-hai-duong-de-nghi-giam-gan-90-ty-dong-von-ngan-sach-tinh-da-phan-bo-cho-2-du-an-411258.html