Hanoi (VNA) – The People’s Council of Hanoi hasapproved a resolution on middle-term public investment plan for the 2021-2025period.
According to the municipal People’s Committee, thedisbursement of public capital of a number of projects has lagged behindschedule, with some stagnant projects in the 2016-2020 period cancelled. Meanwhile,the demand for middle-term public investment remains huge.
In March, the committee asked local departments, districts and investors to makeupdates and adjustments to the city's plan.
Along with requesting local authorities to apply measures to speed up the progressof projects from all stages, municipal authorities have asked for the allocation of enough capitalfor underway projects, the adjustments of stagnant projects and the carefulconsideration of new projects to match the city’s capacity in resourcebalancing.
In order to effectively implement the plan, the city askedlocal sectors, departments and localities to work closely together to deal withdifficulties in the disbursement of public investment capital, whilespeeding up the progress of new projects.
The Department of Construction was asked to improve the quality of itsproject proposals and estimated investment for each project.
Particularly, the city People’s Committee has asked fordrastic measures to remove obstacles in ground clearance for public investmentprojects.
The committee also requested relevant agencies to fully andaccurately report the outstanding debts for capital construction and capitalneeded for projects to be completed in the 2021-2025 period./.
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Illustrative image (Source: VNA) 
