Hanoi Will Reduce Several Public Investment Projects

9:56:07 PM | 30/4/2011

At the recent meeting of the Standing Committee of the city, People’s Council, and People’s Committees of districts and towns, Mr Hoang Manh Hien, Vice Chairman of Hanoi People's Committee, said: Having implemented solutions mainly focusing on controlling inflation, stabilising macro-economy and ensuring social security under the Government’s guidelines, Hanoi has reduced public spending and reviewed several public investment projects.
The city has issued a decision regarding assigning the saving target of an additional ten percent of frequent expenditure in the 09 remaining months in 2011, and temporarily stopping purchase of properties for budget-estimating units and other quarters, districts and towns. Total suspended expenditure for equipping cars, buying assets of great value, repairing offices (belonging to city budget) is VND88 billion.
Stopping going on business abroad and reducing the unnecessary meetings and receptions have also been drastically and positively carried out by the city. Departments, local governments are implementing the review and reorganisation of fundamental construction investment from the budget or originated from the budget, temporarily halting the new investment project on construction of plan 2011. Projects, directly managed by the city, are initially proposed to be delayed or extended the progress or implementation period of 17 projects - Total investment of VND650 billion has been adjusted down VND103.6 billion; projects having the budget of quarters, districts and towns have proposed delay or extension of the progress of 97 projects (total investment VND500 billion), transferred expenditure has cut by VND119.37 billion.
Hanoi stabilises prices of 10 essential commodities in 2011 for businesses to store goods, and organisations issue stability of prices at 397 points. Hanoi Electricity Agency strengthens measures to ensure power supply on a reasonable basis for allocating assigned power output to the essential needs of society, and giving priority to production. The city is developing plans to support the electrical price for poor households so that they can afford the electrical price at the first level.
According to Mr Hien, in the next time, the city still continues to review, suspend, delay, and extend progress of projects invested by the state budget which are slowly implemented, non-urgent or difficult to be carried out in 2011, or are facing difficulties in site clearance or other problems in implementation. The city also concentrates sources of capital for urgent works and projects on technical and social infrastructure, vital social services, and the agricultural and rural fields. These projects include housing development for students, students’ facilities and accommodation for the training institutes and for workers in concentrated industrial zones, and for low-income people in urban areas. On the other hand, he said in the nine remaining months of 2011, the city strives for clearance of 2,891ha in 326 projects and the resettlement of 9,658 households.
In particular, the city will focus on hastening the implementation of projects aiming to improve the Hanoi urban environment, such as starting construction of  sewage treatment station of Lenin Park (13.000m3 per day); maintaining rivers, ditches, sewers and pumping stations, regulate lakes; and handling thorough flooding sites to ensure better drainage in the rainy season of 2011. Moreover, the city also expedites the investment in Nam Son rubbish treatment dump - phase 2, Son Tay rubbish treatment dump – phase 2 stage, and a number of waste treatment sites in some districts; steps up the implementation of protection projects of Nhue – Day River environment; anti-noise, anti-dust in the city; accelerates socialisation; and organises the collection, transportation, burial and waste treatment in the area well. Besides, the city pays attention to the maintenance and good operation of current lighting system, the renovation and upgrading of urban lighting systems on traffic routes and streets of quarters and towns, townships, suburban districts; speeds up construction and renovation of the Yen So Park, Tuoi Tre Park, Thu Le zoo, Nhan Chinh Park, Dich Vong Park, and Mai Dich Park.
It is known that in quarter I of 2011, Hanoi achieved significant economic growth rates, the total gross domestic product GDP grew by 9.2 percent in comparison with the same period of the year 2010.

Duy Hung