Medium-term public investment plan reviewed

Friday, 17:24, 30/09/2016

Deputy Prime Minister Vuong Dinh Hue ordered the restructuring of capital sources in the medium-term public investment plan in 2016-2020 at a recent meeting in Hanoi.

He asked the Ministry of Planning and Investment to clarify the investment mechanism and capital arrangement for key national projects in transport, climate change adaptation, drought and saltwater intrusion prevention, and social infrastructure in health, education, communication information and science technology.

The Deputy PM requested the ministry wisely use VND2 trillion (US$90 million) – part of money for medium-term public investment plan in 2016-2020 to carry out major projects like the North-South Expressway, the border patrol road in the southwestern region, and national target programmes on climate change, drought and saltwater intrusion.

The ministry needs to work with the Ministry of Finance to review local budget overspending, added capital for public investment, and the use of money collected from the lottery to implement projects in transport, irrigation, and other necessary fields in 2017-2020.

The two ministries were urged to propose uses for the VND10 trillion (US$450 million) sourced from selling shares in State businesses in 2015 to supplement capital for public investment in 2017.

VNA

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