Hai Phong: Medium-term public investment plan for the period 2026 - 2030 is over 92,420 billion VND
The Hai Phong City People's Council has just issued Resolution No. 76/NQ-HDND on giving opinions on the City's medium-term public investment plan for the period 2026-2030. This is the first step for the city to complete the medium-term public investment plan.
According to the Resolution, the total medium-term public investment capital of the City in the period of 2026-2030 is expected to be 92,420,754 billion VND, including 5,533,750 billion VND from the Central budget and more than 86,887,004 billion VND from the City budget. The total public investment capital in the period of 2026-2030 is expected to be equal to the total medium-term public investment capital in the period of 2021-2025 of the City.
Estimated capital plan for the projects: Tan Vu - Lach Huyen 2 road and bridge construction project with a total investment of more than 6,010.134 billion VND (Central budget is 1,825.368 billion VND, City budget is 4,184.766 billion VND); City development project adapting to climate change with a total investment of more than 9,857 billion VND (Central budget is 1,965.123 billion VND, City budget is 7,891.937 billion VND); Ninh Binh - Hai Phong expressway construction investment project through Hai Phong with a total investment of 3,896.1 billion VND (Central budget support is 1,743.259 billion VND, City budget is 1,722.273 billion VND).
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| Tan Vu – Lach Huyen Bridge is the longest sea-crossing bridge in Vietnam to date. Photo: Hong Phong |
It is expected that the city budget will allocate 61,625,519 billion VND for 55 city projects, including 25 projects implemented from the previous period transitioning to the 2026-2030 period at 14,962,546 billion VND and 30 projects expected to be implemented in the 2026-2030 period at 46,662,973 billion VND.
According to the People's Committee of Hai Phong City, compared to the period 2021-2025, the period 2026-2030 increased by 28.71% in capital and decreased by 80.63% in the number of projects, showing that the investment orientation is focused, key, and spearheads on a number of major orientations of the city. The projects planned to be implemented in the period 2026-2030 all closely follow the requirements and development goals of the city according to the orientation of Resolution 45 of the Politburo.
For example, the Tan Vu - Lach Huyen 2 Road and Bridge Construction Investment Project (this project was approved by the Standing Committee of the City Party Committee in Notice No. 2036 dated April 11, 2024) aims to gradually complete the traffic infrastructure, increase traffic capacity, effectively connect the city center to the seaport infrastructure system, tourist center on Cat Ba Island, contributing to the socio-economic development of the city in particular, and the key economic region of the North in general.
Or the project to invest in building a route from Bui Vien Street to Provincial Road 353 will form a new urban axis to support Provincial Road 353, creating a modern urban space, connecting the southern and southeastern areas of the city, promoting socio-economic development in the areas of Le Chan, Duong Kinh, Kien Thuy district, Do Son district... From there, creating conditions to attract investment through connection with Hai Phong International Gateway Port, Cat Bi International Airport, Hanoi - Hai Phong Expressway, National Highway 10, National Highway 18...
Previously, at the 19th Session (special session) of the People's Council of Hai Phong City, term XVI, 2021 - 2026, the City People's Council passed a Resolution to adjust and supplement (for the third time) the public investment capital plan for 2024.
According to the Resolution, the Hai Phong City People's Council decided to add more than 1,864 billion VND of public investment capital in 2024. Thereby, increasing the total public investment capital from 19,217.3 billion VND to more than 21,081.4 billion VND.
From the above additional capital, the Hai Phong City People's Council decided to spend 247.5 billion VND for the program of building new rural communes in 3 districts. Of which, Tien Lang district increased 20 billion VND for projects in communes implemented in 2022-2023. An Lao district increased 87 billion VND for projects in communes implemented in 2022 and 2023.
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| The city focuses on public investment capital to complete the grade-separated interchange at the intersection of Ton Duc Thang - Mang Nuoc - National Highway 5. Photo: Hong Phong |
Thuy Nguyen district is expected to become a city under Hai Phong city in 2025, with an additional 140.5 billion VND for projects in communes to be implemented in 3 years 2021, 2022 and 2024.
In addition to the above 3 districts, the Hai Phong City People's Council added 1,622.531 billion VND for projects in the following order of priority: Projects and work items completed with decisions approving final settlement, additional capital to recover advanced capital, Projects completed in 2024, Projects completed after 2024, Projects starting construction in 2024, arranging capital to prepare for investment in projects.
Particularly for the investment project to build a bridge over the Hoa River and the section through Hai Phong City of the road from Thai Binh City (Thai Binh Province) to Nghin Bridge, in the plan to operate the medium-term public investment plan for the period 2021-2025, Hai Phong City is expected to allocate only 350 billion VND in capital.
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| The Hoa River Bridge Construction Investment Project will be put into use on May 13, 2025. Photo: Trung Kien |
However, the project is progressing rapidly, and it is expected that the main items of the project can be basically completed in 2025. Therefore, the Hai Phong City People's Council agrees with the proposal of the City People's Committee to supplement the project in the period of 2021 - 2025 from 350 billion VND to 530 billion VND. The remaining capital will be allocated in the period of 2026 - 2030.
According to the report, as of October 20, 2024, Hai Phong has disbursed VND 9,447.348 billion, equal to 56% of the plan assigned by the Prime Minister (VND 17,019.2 billion), equal to 47.3% of the plan assigned by the city (VND 19,972.7 billion).
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