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Submit to the Government for approval of investment policy for project of 3,287 billion VND to develop urban area of Ha Tinh city

Việt NamViệt Nam14/11/2023

In early November 2023, the People's Committee of Ha Tinh province submitted a document requesting the Prime Minister to approve the investment policy for the project "Priority infrastructure and urban development adapting to climate change in Ha Tinh city".

Submit to the Government for approval of investment policy for project of 3,287 billion VND to develop urban area of Ha Tinh city

On the morning of November 14, the People's Committee of Ha Tinh city had a working session with the Asian Development Bank (ADB) to review the progress and implementation plan of the project "Priority infrastructure and urban development adapting to climate change in Ha Tinh city".

The project "Priority infrastructure and urban development adapting to climate change in Ha Tinh city" was approved by the Prime Minister in Decision No. 996/QD-TTg dated August 18, 2022. Over the past year, the City People's Committee has actively implemented the work of preparing a pre-feasibility study report for the project; up to now, ministries and branches have given their appraisal opinions.

On October 16, 2023, the Asian Development Bank (ADB) issued a letter of agreement to provide loan funding for the project.

On November 8, 2023, based on the appraisal opinions and comments of ministries and branches, the Provincial People's Committee completed, explained and issued Submission No. 489/TTr-UBND requesting the Prime Minister to approve the project investment policy. It is expected that the Prime Minister will approve the project investment policy in December 2023.

Regarding coordination with partners, recently, the parties have had many meetings, worked, and agreed on many important contents regarding investment scale, financial mechanism of the project...

Submit to the Government for approval of investment policy for project of 3,287 billion VND to develop urban area of Ha Tinh city

Consulting unit representative presented technical plan.

At the meeting, the parties listened to the consulting unit report on the technical plan of the project. Accordingly, the project "Priority infrastructure and urban development adapting to climate change in Ha Tinh City" has 4 components including: building a complete canal and drainage system for the existing Ha Tinh City; expanding the capacity to store and drain water for Ha Tinh City and its surrounding areas in the West and Southwest; developing a traffic system connecting the area adapting to climate change; providing technical support and capacity building.

Project preparation time is from 2023 - 2024; project implementation time is from 2024 - 2029. The total estimated investment of the project is about 3,287 billion VND, of which ADB loan capital is more than 2,320 billion VND, non-refundable aid capital is more than 35 billion VND, the rest is counterpart capital.

At the same time, delegates also reviewed and discussed comprehensively the effectiveness and investment necessity of the project as well as the investment scale of the components based on in-depth analysis by the ADB's independent consulting team.

Submit to the Government for approval of investment policy for project of 3,287 billion VND to develop urban area of Ha Tinh city

Chairman of Ha Tinh City People's Committee Nguyen Trong Hieu spoke at the meeting.

The leaders of Ha Tinh city thanked the ADB's management and leadership for reviewing, appraising and agreeing to provide capital for the locality to complete integrated infrastructure; adapt to climate change, reduce flooding; develop inter-regional transport connections; provide technical support to improve people's lives, develop sustainable urban areas to create momentum for comprehensive socio-economic development.

The city hopes that through this visit and survey, the ADB delegation will make assessments and continue to coordinate and support the locality to complete investment processes and procedures as soon as possible. At the same time, it is requested that ADB provide documents and records related to the results of hydraulic and hydrological models to send to the Ministry of Planning and Investment to confirm the feasibility of calculating the project investment scale; request ADB to have consensus on changing investment items for appraisal and approval at all levels.

The locality also pledged to concentrate resources and closely coordinate with central ministries, departments, branches and local authorities to complete the project according to the set schedule.

Submit to the Government for approval of investment policy for project of 3,287 billion VND to develop urban area of Ha Tinh city

Mr. Alexander Nash - Senior Urban Development Expert of ADB and the delegation at the working session.

Mr. Alexander Nash - Senior Urban Development Expert of ADB hopes that the experts' comments will be added to the project content to ensure that the proposed options are the most optimal; thereby, the investment capital for the project will be most effective.

During the working trip to Ha Tinh city, ADB will continue to work in depth with the City's Project Management Board for Construction Investment and Land Fund Development; and visit the components on site.

Submit to the Government for approval of investment policy for project of 3,287 billion VND to develop urban area of Ha Tinh city

Duong Chien


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