Day: April 1, 2024

Hanoi: Prime Minister Pham Minh Chinh chaired a teleconference with ministries, agencies, localities and units on April 1 to review the progress of the 500kV circuit-3 power transmission line linking Quang Trach in the central province of Quang Binh and Pho Noi in the northern province of Hung Yen.

The nearly 519km-long line has an investment capital of over 22.35 trillion VND (929 million USD), comprising four sections, including Quang Trach – Quynh Luu, Quynh Luu – Thanh Hoa, Thanh Hoa – Nam Dinh 1 thermal power plant, and Nam Dinh 1 thermal power plant – Pho Noi.

Construction of the transmission line began in October 2023 for some sections and January 2024 for others, with a goal of completion and operation in June 2024.

Speaking at the event, PM Chinh hailed ministries and agencies, especially the Ministry of Industry and Trade, for their active role in regularly overseeing and accelerating the project.

They were asked to continue working closely together to overcome any hurdles and maintain the proje
ct’s schedule.

The PM directed relevant authorities to finalise compensation policies for affected residents by April 10. He also set deadlines for substantial completion of project items by June 20 and full operation no later than June 30./.

Source: Vietnam News Agency

Hanoi: The Ministry of Transport, as of late March, disbursed around 10.7 trillion VND (445 million USD) for public investment projects, or nearly 19.2% of the total allocated by the Prime Minister, which was higher than 17% recorded in the same period last year.

During the ministry’s conference in Hanoi on April 1, a representative from the Planning and Investment Department revealed that over 6.77 trillion VND has been allocated to the North-South Expressway project, equivalent to some 65% of the ministry’s total disbursement.

For official development assistance (ODA)-funded projects, the ministry disbursed 665 billion VND, or 12.9% of the annual target.

Regarding upcoming projects, the department called for expediting procedures for approving investment plans and projects, especially those using leftover State budget fund from 2022. These approvals are expected to be finalised by the end of April and submitted to the National Assembly for allocation in the mid-term investment plan during its May session
./.

Source: Vietnam News Agency