On the afternoon of April 28, at the 22nd Conference, the Executive Committee of the Hanoi City Party Committee reviewed the report of the City People's Committee Party Committee on adjusting the public investment plan in 2025 and updated and adjusted the medium-term public investment plan for the city level 2021-2025 at the city level.
According to the report of the City People's Committee Party Committee, in 2025, Hanoi will be assigned a public investment capital plan by the Central Government of up to VND 87,130.263 billion, 1.13 times higher than in 2024 and 2.09 times higher than the plan in 2021.
Faced with the huge workload, from the beginning of the year, the City People's Committee has directed strongly, issued a detailed plan for progress and disbursed monthly; at the same time, continuously grasping difficulties and obstacles to promptly resolve for projects.
In order to shorten the time to handle administrative procedures, especially in the field of public investment, the city has implemented a "green lane" traffic flow mechanism and required handling within 24 hours for 10 key projects.
However, by April 20, the disbursement rate of public investment capital had only reached 11.8%, lower than the required.
To ensure effective capital use and proactive resources for key projects as well as site clearance, the City People's Committee has proposed to submit to the City People's Council, at the meeting on April 29, a plan to adjust the public investment plan for 2025.
Accordingly, the City People's Committee proposed: Reducing capital plans for projects that are not expected to fully disburse the 2025 plan. At the same time, increase capital plans for new projects, transition projects that have completed procedures, have high demand and disbursement capacity.
Hanoi will adjust the capital plan for 2025 by VND 2,192.051 billion. Of which, the settlement capital is increased by 200 billion VND; 1,992.051 billion VND for 58 projects with good disbursement capacity.
For the 5-year medium-term plan 2021-2025, the city proposed to increase the amount to VND3,240.229 billion for 39 city-level projects, including: Key projects such as Tu Lien Bridge, Ngoc Hoi Bridge, Thuong Cat Bridge, Urban Railway Line No. 5 (Van Cao - Ngoc Khanh - Lang - Hoa Lac); transitional projects need additional capital to continue implementation and completion.
Notably, the city will allocate VND 1,200 billion from the medium-term plan reserve to allocate for 2 major transport projects: upgrading and expanding Linh Nam road according to the plan and construction of Tam Trinh road.
In addition, the city also adjusted down VND 2,040.229 billion for 21 projects with no longer demand or slow disbursement in the 5-year plan 2021-2025.
The Party Committee of the Hanoi People's Committee affirmed that the above adjustment plan does not increase the total planned capital for 2025 and has not used additional financial solutions such as advance payment to the Financial Reserve Fund or budget estimate for 2026.
This is a proactive and flexible effort in public investment management of the city to speed up progress, ensuring the completion of the set key and urgent tasks.
