Ha Noi (VNA) – The Ministry of Planning and Investment plans to spend more than 1,370 trillion VND to develop infrastructure by 2010.
The money accounts for more than 62 percent of the ministry’s budget for public investment in 2006-2010. Funding for the public investment plans will come from the State budget and official development assistance as well as businesses’ investment and government bonds issued at home and abroad.
Under the project recently submitted to the government, more than 960 trillion VND will be channelled into electricity, paper, cement, coal, chemicals, engineering that services agriculture, shipbuilding and transport network development.
Industrial parks and zones, which are capable of employing large numbers of workers, will also get priority in capital supply for infrastructure construction.
The social sector is expected to receive more than 310 trillion VND of investment and the remaining capital will be used on security and national defence projects.
According to the Ministry of Planning and Investment, the public investment programme for 2001-2005 was implemented effectively.
With a total investment capital of almost 680 trillion VND, the program helped communities in remote areas upgrade infrastructure and public facilities, contributing to their economy and improving their standard of living.
To increase the efficiency of the public investment programme, the ministry said it will continue to upgrade and perfect capital mobilising policies and improve the management, planning and distribution of capital for public works.-Enditem
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