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HCM City increases investment in sluggish projects

HCM City authorities have decided to invest an additional VND6 trillion (USD258.62 million) to speed up 16 projects which are behind schedule.

HCM City authorities have decided to invest an additional VND6 trillion (USD258.62 million) to speed up 16 projects which are behind schedule.

The projects include school, road and bridge construction and canal dredging.

The costs of many projects have doubled or even tripled against their initial investments due to the slow pace of their construction.

HCM City increases investment in sluggish projects - 1
 

Thong Long Bridge project is facing the sluggish construction


My Thuy Intersection in Thu Duc City was scheduled to be completed in 2021, but to date, only the first phase of the project has been finished. The sluggish implementation has raised the project’s total cost to VND3.6 trillion from an initial VND2 trillion. The project is scheduled to be finished in 2025.

Tang Long Bridge in Thu Duc District was started in December 2017, but until now, just 30 percent of the project’s work has been completed. This has resulted a cost increase of VND238 billion.

Phuoc Long Bridge which links District 7 and Nha Be District has had an investment increase of VND350 billion.

Meanwhile, hundreds of billions of VND have also been added to other projects, including the expansion of the District 8 General Hospital and the construction of Vinh Loc A Nursery School, Tan Kien Primary School and bus stops in Cu Chi District.

Blame for the slow pace of work has been put on sluggish compensation and site clearance.

Source: dtinews.vn, LD
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