Urban transport project in Hai Phong adjusted

14:03 16/11/2016

The Prime Minister has approved an amendment to the northern port city of Hai Phong’s urban transport development project.

Accordingly, gross investment for the project is US$276.6 million, including US$175 million in international development assistance. 

The project was extended to August 31, 2018 in accordance with the aid agreement. 

The PM has assigned the municipal People’s Committee and the State Bank of Vietnam, along with Ministries of Foreign Affairs and Justice and relevant agencies to complete legal procedures to extend the project. 

The municipal People’s Committee will also take appropriate measures to finish the project on schedule and is responsible for allocating funds for expenses arising from the extension.