Capital should be prioritized for overcoming natural disaster consequences
13:14 | 14/08/2019
VGP – Prime Minister Nguyen Xuan Phuc presided over a meeting on Tuesday to discuss how to allocate VND 10 trillion from the mid-term public investment plan for 2016-2020.

PM Nguyen Xuan Phuc addresses at the Government meeting on medium-term public investment plan for 2016-2020, Ha Noi, August 13, 2019 - Photo: VGP/Quang Hieu

The Government chief said that the capital should be prioritized for disadvantaged provinces and urgent projects, especially those designed to overcome consequences of national disasters, including landslides in the Mekong Delta and northern moutainous provinces

The capital allocation plan for the two aforesaid regions must be clear and transparent based on careful evaluation, Phuc added.

As required by law, the allocation plan will be submitted to the National Assembly Standing Committee for approval.

Earlier in 2016, the National Assembly adopted Resolution No. 26/2016/QH14 approving the first-ever mid-term public investment plan with aggregate investment capital of VND 2,000 trillion for the period of 2016-2020.

The total figure includes VND 1,120 trillion from central budget and VND 880 trillion local budget, according to the Resolution.

The Government is responsible for designing a list of public investment projects and report to the Legislature for decision.

The same day, Phuc also chaired a meeting to discuss credit matters for construction of two expressways, Huu Nghi-Chi Lang (Lang Son province) and Dong Dang (Lang Son province)-Tra Linh (Cao Bang province).

The two expressways are expected to help shorten travel time from Ha Noi to Cao Bang to 2-2.5 hours from the current 5.5-6 hours./.

By Huong Giang

 

 

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