Accordingly, before adjusting the capital increase, the Rach Xuyen Tam project had a total investment of more than 9,600 billion VND. This is a group A project, invested by the city budget, with an implementation period from 2023 to 2028.

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Delegates of the Ho Chi Minh City People's Council unanimously approved the policy of increasing investment capital for the two projects of Rach Xuyen Tam and the north bank of Doi Canal. Photo: Contributor

After the capital adjustment policy, the total project investment increased to more than 17,200 billion VND (an increase of more than 7,500 billion VND).

Similarly, the Doi Canal North Bank project has an initial total investment of more than 4,900 billion VND. This project is also in Group A, invested by the city budget, with an implementation period from 2023 to 2028. After adjustment, the total investment of the project increased to 7,400 billion VND (an increase of nearly 2,500 billion VND).

According to the Ho Chi Minh City People's Committee, the increase in capital for the two above-mentioned projects is due to the application of regulations on compensation, support, and resettlement according to the new Land Law (effective from August 1, 2024) and other current regulations.

The Ho Chi Minh City People's Committee believes that the increase in the above costs has increased the total investment, so it is necessary to adjust the capital increase for the above two projects.

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A section of Rach Xuyen Tam seen from above. Photo: Tuan Kiet

Specifically, the cost of compensation, support, resettlement and relocation of initial infrastructure for the Rach Xuyen Tam project is nearly 6,600 billion VND, increasing to nearly 14,000 billion VND; the project of the northern bank of the Doi canal is nearly 3,600 billion VND, increasing to more than 6,000 billion VND.

The image of the most polluted canal in Ho Chi Minh City has changed after spending 9,600 billion VND on renovation . The Xuyen Tam canal renovation project with a total investment of more than 9,600 billion VND will be implemented in the period of 2023-2028, after two decades of severe pollution.
Plan to resettle more than 1,000 households to renovate the north bank of Doi Canal in Ho Chi Minh City . Up to this point, the People's Committee of District 8 is still in the process of proposing to the Department of Construction to submit to the People's Committee of Ho Chi Minh City 2 plans to buy apartments to serve resettlement for the project on the north bank of Doi Canal.
From October, Ho Chi Minh City residents can carry out administrative procedures in any district . The Ho Chi Minh City Public Administration Service Center, which will be piloted from October, will not distinguish between administrative boundaries, improving the quality of administrative procedure settlement.