Urban transport project in Hai Phong adjusted

A corner of he northern port city of Hai Phong. (Photo: phateco.com)

Hanoi (VNA) – The Prime Minister has approved an amendment to the northern port city of Hai Phong’s urban transport development project. 

Accordingly, gross investment for the project is 276.6 million USD, including 175 million USD in international development assistance. 

The project was extended to August 31, 2018 in accordance with the aid agreement. 

The PM has assigned the municipal People’s Committee and the State Bank of Vietnam, along with Ministries of Foreign Affairs and Justice and relevant agencies to complete legal procedures to extend the project. 

The municipal People’s Committee will also take appropriate measures to finish the project on schedule and is responsible for allocating funds for expenses arising from the extension.-VNA