On June 16, information from the People's Council of Da Nang City, this locality has just submitted a document to the City People's Council on reviewing and deciding to adjust the investment policy for the Yen River embankment project. According to the submission, this adjustment is a major change in the capital structure, shifting from completely using the city budget to combining a large part of the central budget.
According to the submission, the total investment of the project is still kept unchanged at no more than 125.5 billion VND. However, the core adjustment is the implementation capital. If the old policy was approved, all funding would come from the city budget, then now the People's Committee proposed a new structure including VND89.777 billion from the central budget and VND35.767 billion from the city budget.
The emergency anti-landslide project on the Yen River bank was invested at an urgent time due to the increasingly serious landslides on the Yen River (through Hoa Vang district), directly threatening the lives and property of people and key infrastructure works. The project's goal is to proactively prevent natural disasters, protect residents and contribute to the stability and development of the socio-economy of the area.
Previously, the Management Board of Investment and Construction Projects for Traffic and Agricultural Works of Da Nang also informed about the risk of stagnation of many key projects using public investment capital in Da Nang due to the shortage of construction sand and sudden increase in commercial concrete prices. At least 4 key projects have been directly affected, including: upgrading Bien Bridge; wastewater collection system in Hoa Xuan, Cam Le areas; Yen River embankment and Cu De embankment.
