In the first nine months of 2020, the disbursement rate for HCM City rose by over 78% compared to the same period last year and was considered a breakthrough in disbursement.

The VND10,000 billion anti-floodproject is expected
to partially begin by the end of this month 

According to the Ho Chi Minh City Department of Finance, the disbursed budget capital by Ho Chi Minh City in the nine months was estimated at VND27,069 billion, up 78.2% over the same period last year and reaching 64.2% of the yearly plan. In which, the disbursed capitalby the city level was estimated at VND19,117 billion, accounting for 70.6%; and the disbursed capital by the district level was estimated at VND7,952 billion, accounting for 29.4%.

According to HCMC, in the first nine months of this year, the city budget capital has made a breakthrough in disbursement and reached a very high rate compared to the plan.

In particular, key projects used large budget capital, such as: the anti-flood project of VND10,000 billion, is currently accelerated to partially begin in October. The construction and installation volume of the project is currently over 83%, but the project is facing difficulties in site clearance for some items, affecting the construction progress.

Metro railway No. 1construction project No. 1 Ben Thanh - Suoi Tien Line is currently executing bidding packages such as Ba Son station and Ben Thanh station. So far, the whole project has reached over 80% of the construction and installation progress and is expected to put into operation in 2021.

Metro railway No. 2 construction project is under the site clearance in District 10, District 1, District 3, District 12 and Tan Binh District.

For Thu Thiem2 bridge construction project connecting District 1 with District 2, on the banks of District 2, 24 of 56 stay cables has been installed, the steel beam No. 10 of 17 beams is under construction process and cable-stayed cables are stretched. In District 1, the AS3 to AS5 section across the Nguyen HuuCanh - Ton Duc Thang - Le Thanh Ton intersection is under construction and stay cables at the central part of the bridge are being installed. The closure joint is planned to be done in the last month of 2020.