Sài Gòn River in HCM City. VNA/VNS Photo

 HCM CITY — The HCM City People’s Council has made amendments to the city’s medium-term public investment plan for 2016-2020.

A total of 127 projects will be allotted VNĐ1.8 trillion (US$72.3 million) more while 26 other projects and one programme will have their costs cut by VNĐ 1.8 trillion.

The amendments were approved at the 22nd People’s Council meeting held on Tuesday (November 10).

The cuts were made since the projects and programme did not use up the funds allocated due to various reasons such as land clearance and compensation and reduction in their size and value.

They include projects to build a smart city operation centre project, a centralised  surveillance camera system and an information emergency operation centre.

The People’s Council passed a resolution to mobilise funds for the second phase of the Water Environment Improvement Project in the Tàu Hủ – Bến Nghé- Đôi- Tẻ canal basin.

It is scheduled to be completed in 2022 with VNĐ2.38 trillion ($103.2 million) drawn from Japanese official development assistance.

The council also approved a proposal to issue municipal bonds worth VNĐ2 trillion ($86.7 million) to raise capital for key projects. —VNS