The flyover at O Dong Mac-Nguyen Khoai crossroad in Hanoi (Photo: VNA) Hanoi (VNA) – Twenty-one socio-economicprojects in Hanoi are likely to lag behind schedule in 2020, reported Directorof the municipal Department of Planning and Investment Nguyen Manh Quyen in ameeting on July 10 between Hanoi’s leaders and heads of districts.
Quyen said that Hanoi currently has had 55major projects worth over 487.27 trillion VND (21.46 billion USD), including 26projects using the city’s budget and official development assistance (ODA); 27in the form of public-private partnership (PPP); and two using capitalmobilised from society.
As of the end of June 2018, four projectshave been completed, while 17 remain in progress, and the remaining 34 havejust finalised investment procedures.
Invested in by the city’s budget and ODAsources, the four finished projects include the flyover at O Dong Mac-NguyenKhoai crossroad, Co Linh flyover, Nhan Chinh park, and Hanoi Hospital ofObstetrics and Gynecology.
Quyen pointed out that the main reasonbehind the delayed progress of the stagnant projects is difficulties in site clearance.Otherwise, some projects had their designs adjusted and others had their PPPinvestment procedures prolonged, he added.
A report from the Hanoi People’s Committeealso confirmed these reasons.
In order to speed up the progress of theprojects and distribution pace, the city will apply measures to complete groundclearance faster in 2018. Leaders of the People’s Committees of districts, andtownships will bear the responsibilities for the work.
Municipal departments and sectors wereasked to propose policies and provide capital to projects, while ensuring theefficiency of administrative reform.
The Hanoi People’s Committee has also requestedinvestors to make plans to speed up the progress of their projects, reportingdevelopment stages and and obstacles facing them in order to seek timely solutions.-VNA
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