State investment capital disbursement rate up 0.8%

The municipal People's Committee targets to accomplish disbursement rate of 95 percent in 2023.   

Of the total, the capital managed by the municipal administration was VND 11.7 trillion, equivalent to 51.6 percent of the plan for the whole year, and down 0.5 percent yoy; VND 15.3 trillion was managed by districts, representing an increase of 1.9 percent from the same period last year and the remainder was managed by communes.

The municipal People's Committee demanded the People's Committees of districts to take drastic actions to speed up the implementation of key projects, including the Nhon-Ha Noi Station metro project which has a total length of 12.5km and a total investment of VND 32.9 trillion. Up to now, 77 percent of the workload has been completed.

The second-phase Vinh Tuy bridge project, which was started in January 2021 at a cost of VND 2.5 trillion, was put into operation on August 30, four months ahead of schedule. 

The second-phase bridge, which runs parallel with the first-phase bridge, is expected to help ease traffic congestion and facilitate traveling between the two banks of the Red River, meeting the rising transport demand between the capital's downtown and its northern and northeastern regions.

Launched in June this year, Belt Road No 4, which has a length of 112.8km, runs through Ha Noi city and Hung Yen and Bac Ninh provinces. It will begin at the start of the Noi Bai – Lao Cai Expressway in Ha Noi, and end on the Noi Bai – Ha Long Expressway in Bac Ninh province. The project has total investment of VND 85.8 trillion and is expected to be completed in 2027.

Hoang Cau-Voi Phuc stretch of Belt Road No. 1, which has a length of 2.2km and a width of 50m, starts from Cat Linh-La Thanh-Yen Lang crossroads and ends at Voi Phuc intersection. The total investment capital of the project was estimated at VND 7.2 trillion in the first phase.

So far, 20.1 percent of the project's disbursement has been completed./.