Prime Minister urges research progress on issuing 100,000 billion VND bonds for transport

This is one of the important resources for the whole country to complete key transport infrastructure projects, including the goal of completing 3,000 km of highways by 2025.

Construction of North-South Expressway, Hau Giang - Ca Mau section.

Construction of North-South Expressway, Quang Ngai - Hoai Nhon section

The Government Office has just sent an official dispatch to Deputy Prime Minister Le Minh Khai and the Ministers of Finance, Transport and Planning and Investment to convey Prime Minister Pham Minh Chinh's direction on issuing government bonds for investment in key national projects.

Accordingly, the Prime Minister assigned the Ministry of Finance to urgently preside over and coordinate with the Ministry of Transport, the Ministry of Planning and Investment and relevant ministries and agencies according to their assigned functions and tasks to focus on reviewing and completing the report on the implementation of the above tasks, and report to the Prime Minister before June 25, 2024.

The Prime Minister assigned Deputy Prime Minister Le Minh Khai to directly direct this content in the spirit of focus, key points, and immediate effective handling, especially projects that have completed procedures and are in need of capital in the transportation sector, new growth drivers, and definitely not spread out.

It is known that in Notice No. 250/TB-VPCP dated May 31, 2024, the Prime Minister assigned the Ministry of Finance and the Ministry of Transport to closely coordinate and urgently study and propose the issuance of an additional VND 100,000 billion of government bonds for investment in key national projects in accordance with the conclusion of the Government Standing Committee in Notice No. 231/TB-VPCP dated May 18, 2024.

Accordingly, in Notice No. 231, the Prime Minister affirmed to continue to promote the disbursement of public investment capital, taking public investment as the leading force, activating and attracting all social resources. Issuing government bonds to mobilize capital for development investment, focusing on strategic infrastructure investment, digital transformation, green transformation and social housing; in the immediate future, studying the issuance of about 100,000 billion VND more in government bonds for investment in key national projects.

At the 12th meeting of the State Steering Committee for important national projects and works, key to the transport sector, Prime Minister Pham Minh Chinh directed the Ministry of Transport and investors to "only discuss action, not backtrack"; determined to complete the target of 3,000 km of expressway before December 31, 2025.

In Official Dispatch No. 4243/BKHĐT – PTHTĐT sent to the Prime Minister on the investment plan to upgrade the expressway routes to a complete scale.

The Ministry of Planning and Investment has proposed that the head of the Government allow the issuance of a Government bond package of about VND165,000 billion to invest in transport infrastructure projects. In particular, the Ministry of Transport is assigned to prioritize investment in expanding limited 4-lane and complete 4-lane expressway projects on the North-South expressway according to the planning scale, ensuring to meet the actual demand for passenger and freight transport in the future with a long-term vision of over 20 years.

Source: https://baodautu.vn/thu-tuong-thuc-tien-do-nghien-cuu-phat-hanh-100000-ty-dong-trai-phieu-cho-giao-thong-d218169.html