Business
18 major projects under reassessment
  • By Phuong Dung | dtinews.vn | February 01, 2017 01:34 PM
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The Government Office has announced an audit of major state-invested projects with funding of more than VND10 trillion (USD443.27 million).


Hanoi's first urban railway from Nhon to Hanoi Railway Station has faced slow progress

In the instruction, PM Nguyen Xuan Phuc agreed with a proposal from the Ministry of Planning and Investment not to reassess projects that had more than half of its investment implemented.

PM Phuc asked the ministries of Transport, Defence, Industry and Trade, Construction, and Science and Technology to co-operate with localities to reassess underway projects that are less than half-finished.

The Ben Thanh-Suoi Tien and Ben Thanh-Tham Luong Urban Railway lines in HCM City, the Da Nang-Quang Ngai Expressway, and the Nhon-Hanoi Station metro route in Hanoi are among 11 transport projects which will be reassessed this time.

Hanoi's first urban railway from Nhon to Hanoi Railway Station which was kicked off in September 2010 and scheduled to be completed by 2016 may have its completion date adjusted to 2019. Its investment was also raised to USD1.57 billion in 2015, while costs continue to spiral.

The Industry and Trade sector also has three projects subject to inspection, O Mon 3 and 4 Thermal Power Plants, and the Bac Ai Hydropower Plant, while the construction sector has two – stage 2 of HCM City’s Environmental Project and the Yen Xa Wastewater Treatment System in Hanoi.

Earlier, in a meeting with the Ministry of Planning and Investment in mid-2016, the PM had raised the issue to ensure that investment was being properly used.

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