Hai Duong adjusts capital structure of East-West axis road project

Accordingly, the People's Council of Hai Duong province approved the adjustment of the project investment capital structure from 1,000 billion VND from the central budget and nearly 779 billion VND from the provincial budget to 1,087 billion VND from the central budget and more than 691 billion VND from the provincial budget.

Previously, according to the report of Hai Duong Provincial People's Committee submitted at the meeting on the proposal to allocate and adjust the state budget investment plan for the 5 years 2021-2025 and 2023 (6th time) and the report on the proposal to decide on adjusting the investment policy of the East-West Axis Road Construction Investment Project of Hai Duong province, the adjustment is intended to serve as a basis for carrying out the following procedures and in accordance with the project investment progress.

Accordingly, the Provincial People's Committee has proposed the Provincial People's Council to reduce more than 27.6 billion VND of the central budget capital from domestic sources for the Project to build an overpass at the intersection between the Han Bridge approach road, Ngo Quyen Street and National Highway 5 (Hai Duong City) due to excess capital and reduce more than 60 billion VND of the Project to build infrastructure for the concentrated aquaculture area of ​​Ninh Giang district due to incompatibility with the approved district construction planning (production areas north and south of the Cuu An River). This capital is added to increase the capital plan for the Project to build the East-West axis road, Hai Duong province by nearly 87.6 billion VND.

See details of the resolution here.