Minister of Transport Tran Hong Minh presented the proposed resolution, highlighting the delays that have plagued urban railway projects in both cities since their construction in 2007. These delays, he explained, stem from a combination of factors, including complicated investment procedures, difficulties in resource mobilization, and implementation hurdles.
    |
 |
|
Minister of Transport Tran Hong Minh presents the proposed resolution. |
Despite these setbacks, urban railway lines remain a critical component of modern, sustainable urban transport, essential for environmental protection and climate change adaptation.
Recognizing the urgent need for action, Hanoi and Ho Chi Minh City have teamed up with the Ministry of Transport to devise a comprehensive scheme, he said.
The draft resolution, comprising 11 articles and six groups of special policies, has been endorsed by relevant authorities. These policies cover a range of areas, including capital mobilization, streamlined investment procedures, transit-oriented development, industry development with a focus on technology transfer and workforce training, construction materials and waste disposal, and regulations tailored for Ho Chi Minh City’s unique needs.
It allows the Prime Minister to allocate medium-term and annual public investment plans for local authorities, use increased revenue, budget savings, and other legal funding sources without strict prioritization. It also opens the door for official development assistance and concessional loans without the need for separate project proposals.
On the local level, the municipal People’s Councils will oversee the allocation of funds, ensuring projects can be funded over multiple cycles to maintain their progress.
Summarizing the verification report, Chairman of the N.A. Economic Committee Vu Hong Thanh agreed with the Government’s approach, and provided feedback on specific policies to refine the draft resolution further.
Source: VNA