PM urges implementation of emergency works by Vietnam Railways Corporation

Tuesday, 2016-11-22 12:11:43
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The PM has approved the advancement of over VND471 billion for the medium-term public investment plan for the 2016-2020 period . (Credit: baodautu.vn)
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NDO—Prime Minister Nguyen Xuan Phuc has approved the advancement of over VND471 billion for the medium-term public investment plan for the 2016-2020 period by Vietnam Railways Corporation, which operates under the Ministry of Transport.

Accordingly, the advanced money will be allocated for paying off debts for completed parts of the projects for the construction of Dong Nai, Tam Bac and Thi Cau Bridges, as well as items under the second phase of the Plan 1856 under the emergency Ordinance.

The PM tasked the Ministry of Planning and Investment and the Ministry of Transport with allocating the capital under the medium-term public investment plan for the 2016-2020 period to repay the advanced funds in accordance with regulations.

The Vietnam Railways Corporation is responsible for reporting the value of the completed portion of the above projects.

The corporation was also tasked with ensuring the management of allocated capital so that it would be used for the right purposes in accordance with regulations.

In addition, the PM asked the Ministry of Transport to prioritise the allocation of capital under the medium-term public investment plan to construct six bridges, as well as to reinforce and build abutments for two bridges.