A press release recently issued by the
Ministry of Transport stated categorically that only 8.9 per cent of the
funding for its new modernisation and industrialisation expansion project will
come from the State budget.
The new
modernisation expansion plan is to build a new high-tech ministry headquarters
building, increase ship and aircraft fleets, and spend on more human resource
development.
The
bulk of the money, estimated at VND223 trillion (US$10.6 billion), will be
mobilised from other sources other than the State.
Of this
amount, about VND12,174 billion ($580 million) will be used for construction of
the ministry’s new headquarters and other office buildings.
Construction
of the new headquarters building is expected to be complete by 2030, in
accordance to a Government plan for Hanoi envisioned until 2050.
With
the Government’s plan in mind to establish the city’s administrative base
around Tay Ho Tay and Me Tri areas, the new headquarters building will be built
there, relocating from the city centre.
Last
December, Prime Minister Nguyen Tan Dung agreed to allow the ministry to buy
land for its new headquarters and sell off its present property at 80 Tran Hung
Dao Street in Hoan Kiem District in Hanoi.
SGGP
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