Tuesday, October 24 2017

VietNamNews

City to use loans for kindergartens

Update: January, 31/2015 - 09:22

HCM CITY (VNS)— The HCM City People's Committee has approved the use of bank loans to build 72 public kindergartens worth a total of more than VND 2.7 trillion (US$128 million).

The public kindergartens will be built by the end of the year.

Of the public kindergarten projects, Cu Chi District accounts for the largest number (14), followed by Binh Tan District (nine) and Binh Chanh and Can Gio districts (seven each).

To speed up the progress of building public kindergartens, the HCM City People's Committee has decided to start a bank loan programme to build public kindergartens.

The move represents the city's determination to speed up the progress of building kindergartens, according to Nguyen Dinh Thai Chau, the municipal Department of Education and Training's Finance and Planning Division.

Phan Thi Thang, deputy director of the municipal Department of Finance, said last year the city had 117 public kindergarten projects that needed capital for construction but the city faced difficulties to allocate a budget for the projects.

The city recently proposed connecting banks to public kindergarten projects, she said.

Under the city programme, the projects would be given loans with a terms of up to eight years.

Nguyen Ngoc Thao, head of the city Department of Finance's Investment and Repair Division, said project investors should select the consultants carefully to avoid construction errors that would have to be corrected at a later date.

The investors of public kindergarten projects will be the Investment and Construction Project Management Board of each district.

Many investors have petitioned the HCM City People's Committee to have preferential policies for public kindergarten projects in major areas, and in other areas where there is a severe shortage of kindergartens, as well as those that have a large number of ethnic pre-school students.

The city currently has more than 870 public kindergartens which teach more than 309,000 children.

The public kindergartens can serve about 85 per cent of children. The remaining 25 per cent of children of this age group study at private kindergartens and family-based daycare facilities. — VNS


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