Accelerating construction, boosting public investment disbursement
Acceleration signals at construction sites right from the start of 2026 are raising expectations for a breakthrough in public investment disbursement, providing a key driver to boost the city's economic growth.
Accelerating construction.
Late March buzzed with urgency at the Nguyen Trai Bridge and adjacent urban upgrading project. For the Package No. 15 (including approach bridges, roads, and interchange), contractors seized favorable weather to accelerate execution progress. To date, progress now exceeds 80% of contract value. Contractors aim to finish all work by June.
The Package No. 30 (Nguyen Trai-Le Hong Phong interchange) ramped up post-Tet. Contractors rushed top soil removal, tree relocation, and utilities installation.
With the length of 5km, the project to upgrade the road from Dinh Bridge to the Quang Thanh intersection with Provincial Road 352 has a total investment capital of over 110 billion VND, links east-west routes. With the target of completing the project in 2026, investors and contractors seize every day to meet plans.
Urgent construction spreads to roads, resettlement areas, schools, and disaster-prevention works citywide, showing investors' and contractors' efforts in ensuring execution progress and public investment disbursement.
Accelerating public investment disbursement.
According to Hai Phong Department of Finance, in the first quarter of 2026, The city's public investment capital disbursement reached approximately 7,300 billion VND, achieving 18.8% of the allocated capital plan. This reflects strong efforts by departments, investors, and contractors in accelerating public investment disbursement.
With a total investment of 8,593.1 billion VND, the progress of the Tan Vu - Hung Dao - Bui Vien Ring Road 2 section construction project and the expansion of Nguyen Truong To Street and Bui Vien Street has always received special attention from residents.
At the February socio-economic meeting to deploy tasks for the following months, Member of the Central Party Committee, Deputy Secretary of Hai Phong City Party Committee, and Chairman of the city People's Committee Le Ngoc Chau directed ward-level People's Committees to urgently complete procedures and implement solutions to accelerate the disbursement; proactively propagate and mobilize the people and fully implement policies on compensation, site clearance, support, and resettlement.
Hai Phong News