Nearly VND58 trillion to be allocated for major infrastructure projects
VOV.VN - The government has proposed using more than VND63 trillion from contingency fund of the 2021-2025 public investment sourced from the 2022 increased budget revenue for development projects, with most of the amount to go to modern infrastructure projects.
Minister of Finance Ho Duc Phoc, on beheld of the government, made the proposal while delivering a report at the ongoing extraordinary session in Hanoi on January 16.
The total amount will be allocated for five fields – defence, security, state management, science-technology, and transportation.
Notably, 32 transportation infrastructure projects alone need VND57.735 trillion in investment to generate a synchronous and modern strategic infrastructure system, said Minister Phoc, adding Vietnam aims to have more than 3,000 km of expressways by 2025.
The Government proposes that the National Assembly assign the Government to urgently complete investment procedures and report to the National Assembly Standing Committee for comments before the Prime Minister allocates additional medium-term public investment for projects in the 2021 – 2025 period in accordance with the law, said the minister.
In a supervisory report, Le Quang Manh, chairman of the National Assembly Committee for Financial and Budgetary Affairs, said most members of the committee had agreed with the Government’s proposal which they said conforms to the Public Investment Law and resolutions adopted by the National Assembly.
The National Assembly will debate the proposal before approving it on January 18.
