A shortage of capital is threatening the completion of social housingprojects for students in tertiary education, workers in industrial zonesand low-income earners in Hanoi, the municipal Department ofConstruction has said.
At a recent conference, the departmentsaid 34 social housing projects have been left unfinished and werelagging behind schedule due to capital shortages.
Currently,six projects overseeing the construction of dormitories for studentshave been put on hold due to a lack of funds. Meanwhile, housingprojects at the Hanoi National University of Education, the Ho Chi MinhNational Academy of Politics and Public Administration, the Universityof Forestry and the Electric Power University were reportedly facing 23billion VND (1.08 million USD) and 111 billion VND (5.2 million USD) incapital shortages.
Two dormitory complexes in My Dinh and PhapVan-Tu Hiep also faced a shortage of 78 billion VND (3.6 million USD)and 700 billion VND (33 million USD), respectively.
These projects were expected to provide accommodation for more than 39,860 students.
In relation to housing projects for workers, two in the Dong Anh andChuong My districts have only been partially completed and put into use,reportedly lacking the funds needed to complete the rest of theprojects.
Three others in Thach That Industrial Zone, KimChung New Residential Area and Nam Phu Xuyen Industrial Zone are facingthe same problems.
The projects were initially expected to provide houses for 25,300 workers.
However, the department said that most investors have committed tocompleting 23 housing projects for low-income earners on time, butadmitted some were encountering problems with site clearance and legalprocedures. The projects are expected to provide 21,410 apartments forlow-income earners in the area.
Vice Chairman of the municipalPeople's Committee Nguyen Ngoc Tuan has invited government departmentsto propose measures to allocate capital for on-going projects.
He has also asked the construction department to work with themanagement board of the industrial zones to provide accurate informationon the housing demand of workers.
Tuan also called on investors to focus on completing the projects soon after receiving financial support.-VNA
At a recent conference, the departmentsaid 34 social housing projects have been left unfinished and werelagging behind schedule due to capital shortages.
Currently,six projects overseeing the construction of dormitories for studentshave been put on hold due to a lack of funds. Meanwhile, housingprojects at the Hanoi National University of Education, the Ho Chi MinhNational Academy of Politics and Public Administration, the Universityof Forestry and the Electric Power University were reportedly facing 23billion VND (1.08 million USD) and 111 billion VND (5.2 million USD) incapital shortages.
Two dormitory complexes in My Dinh and PhapVan-Tu Hiep also faced a shortage of 78 billion VND (3.6 million USD)and 700 billion VND (33 million USD), respectively.
These projects were expected to provide accommodation for more than 39,860 students.
In relation to housing projects for workers, two in the Dong Anh andChuong My districts have only been partially completed and put into use,reportedly lacking the funds needed to complete the rest of theprojects.
Three others in Thach That Industrial Zone, KimChung New Residential Area and Nam Phu Xuyen Industrial Zone are facingthe same problems.
The projects were initially expected to provide houses for 25,300 workers.
However, the department said that most investors have committed tocompleting 23 housing projects for low-income earners on time, butadmitted some were encountering problems with site clearance and legalprocedures. The projects are expected to provide 21,410 apartments forlow-income earners in the area.
Vice Chairman of the municipalPeople's Committee Nguyen Ngoc Tuan has invited government departmentsto propose measures to allocate capital for on-going projects.
He has also asked the construction department to work with themanagement board of the industrial zones to provide accurate informationon the housing demand of workers.
Tuan also called on investors to focus on completing the projects soon after receiving financial support.-VNA
