(PLO)- Meeting to review the progress of 16 sustainable development projects in the Mekong Delta to respond to climate change (Mekong DPO), the Ministry of Planning and Investment hopes these projects will be approved in the third quarter of this year.
On July 15, in Can Tho City, the Ministry of Planning and Investment chaired a conference with 13 provinces and cities in the Mekong Delta region and related ministries and agencies to review and accelerate the progress of sustainable development projects. Sustainable Mekong Delta in response to climate change (Mekong DPO), including 16 projects.
Deputy Minister of Planning and Investment Tran Quoc Phuong spoke at the meeting on July 15. Photo: MEN’S LABEL
Deputy Minister of Planning and Investment Tran Quoc Phuong said that in the past 3 months, the progress of preparing Mekong DPO projects has made positive changes.
Specifically, the project proposal of the Ministry of Transport has been approved by the Prime Minister. Many project proposals have been adjusted, supplemented and completed by localities based on comments from relevant agencies and sent back to the Ministry of Planning and Investment and the Ministry of Finance.
Especially, thanks to the close coordination of ministries and localities, the Ministry of Planning and Investment has made reports and recommendations for the Government and the Prime Minister to have instructions and conclusions on the plan to speed up the progress and remove the problem. , difficulties and obstacles for Mekong DPO projects at many recent meetings.
According to the Deputy Minister, currently, the Government is developing and preparing to issue a resolution on Mekong DPO projects with the main content to mobilize ODA and foreign concessional loans for 16 Mekong DPO projects on the basis of investment needs and commitments of development partners; apply a 10% foreign loan re-borrowing rate for Mekong DPO projects under the spending tasks of the local budget.
“The above directives, conclusions and decisions of the Government and the Prime Minister are a very important basis for us to accelerate the preparation, complete the approval procedures and soon bring the Mekong projects to life. DPO goes into implementation” – Deputy Minister Tran Quoc Phuong said.
The scene of the meeting on July 15 in Can Tho. Photo: MEN’S LABEL
The meeting listened to local leaders’ information on the project preparation process, the loan balance of the local budget; discuss and agree with partners on roadmaps and solutions to speed up the approval and implementation of Mekong DPO projects; ability to mobilize and provide grants and technical support for projects…
MPI expects 16 Mekong DPO projects to be approved and proposed in the third and fourth quarters of 2023; approving investment policies from the end of 2023 to September 2024; has an investment decision from mid-2024 to early 2025 and signed an agreement from the end of 2024 to September 2025. With this roadmap, as early as early 2025, a number of projects will officially start construction.
Deputy Minister Tran Quoc Phuong said that in the coming time, how should the projects be accelerated as scheduled. To do so, the locality must carefully review the issues related to the project, including a thorough review of the local’s ability to borrow back to meet the requirements…
In addition to 16 climate change adaptation infrastructure projects, the Ministry earnestly requests donors to continue to pay attention to and support the Mekong Delta region because this is the most vulnerable area to the effects of climate change. Mr. Phuong said.
Borrowing USD 2.53 billion to implement 16 projects
Previously, on July 8, in Can Tho, the Prime Minister chaired a meeting to work with leaders of provinces and cities in the Mekong Delta on solving difficulties, promoting highway projects and implementing projects. ODA in the region.
Accordingly, the Prime Minister agreed to the policy of ODA loans from 6 committed development partners (Asian Development Bank – ADB, French Development Agency – AFD, Export-Import Bank of Korea – KEXIM, Bank of Vietnam). German reconstruction bank – KfW, Japan International Cooperation Agency – JICA, World Bank – WB) with a capital of 2.53 billion USD for 16 Mekong DPO projects to implement Resolution 120 of the Government; agreed to allocate 90% of capital for these projects.
Prime Minister meets to remove difficulties for 8 expressway projects in the Mekong Delta
(PLO)- The Ministry of Transport said that the Mekong Delta region is currently investing in the construction of 8 expressway projects with a total length of 463 km.