Caption: The HCM City administration has allotted 227 billion (US$ 9.7 million) for road maintenance this year. VNA/VNS Photo
HCM CITY The HCM City People’s Committee has approved VNĐ227 billion (US$ 9.7 million) for road maintenance this year.
It also instructed the Road Maintenance Fund to hand over to the Department of Transportation VNĐ52.5 billion ($2.2 million) it had failed to use last year.
The money cannot be returned to the city’s coffers.
The fund has also been asked to explain the causes, responsibilities and how it plans to deal with cases of slow financial settlement and not complying with the approved schedule.
The People’s Committee has asked the Ministry of Planning and Investment to speed up disbursement of official development assistance (ODA) funds to speed up work on several projects in the city.
HCM City has 11 projects funded by ODA underway costing more than VNĐ104 trillion ($ 4.6 billion). VNS