Adjusted down the target of 28 projects in Nghe An due to failure to disburse all assigned capital

Opening of the 3rd Session, Nghe An Provincial People's Council, 18th term

(Baonghean.vn) - On the morning of October 18, in Vinh City, the 18th term People's Council of Nghe An province held an extraordinary meeting - the 3rd meeting to resolve urgent and arising issues of the province.

On the morning of October 18, in Vinh City, the 18th term People's Council of Nghe An province held an extraordinary meeting - the 3rd meeting to resolve urgent and arising issues of the province. Photo: Pham Bang

After listening to the presentation of the Provincial People's Committee, the Verification Report of the Economic - Budget Committee of the Provincial People's Council and the discussion opinions of the delegates, the Provincial People's Council passed the Resolution to adjust the 2020 Public Investment Plan extended to 2021 and the 2021 Public Investment Plan (phase 2).

Accordingly, the planned targets of 28 projects with a capital of VND 62,854,296 million were adjusted down, of which 17 projects were in the 2021 plan with a capital of VND 52,516,113,093 million; 11 projects in the 2020 plan extended to 2021 with a capital of VND 10,338,182,907 million.

Adjusting the plan target for 8 projects with a capital of 62,854,296 million VND from the source of adjusting the plan target down for 2021 and the 2020 plan extended to 2021.

Standing Vice Chairman of Nghe An Provincial People's Committee Le Hong Vinh presented a summary report of the submissions and draft resolutions. Photo: Thanh Duy

Provincial People's Council delegates vote to pass the Resolution. Photo: Pham Bang

The adjustment plan is based on the principle: Adjusting down the planned targets for projects that have not fully disbursed the assigned capital plan targets (due to the value of completed and accepted volume or settlement value decreasing compared to the total investment approved in the initial investment decision or adjusted investment decision; projects stuck with clearance, procedural documents, etc.).

For the principle of increasing adjustment, the project must be in the list approved by the Provincial People's Council and assigned targets by the Provincial People's Committee for 2021, have a good disbursement rate, and be able to disburse targets in 2021 (including additional capital).

The adjusted capital plan target of the project must be no greater than the medium-term public investment plan target for the 2021-2025 period that has been planned for the project in Resolution No. 20/NQ-HDND dated May 13, 2021 of the Provincial People's Council.

The project to renovate the exhibition house of the Nghe Tinh Soviet Museum is one of 28 projects that had their capital adjusted down due to not fully disbursing the assigned capital plan target. Photo courtesy

Also at the third session, the Provincial People's Council approved the Resolution on investment policies for the following projects: Construction of Hoang Mai Town Medical Center (phase 2) with a total investment of 80 billion VND; Office of the People's Council - People's Committee of Do Luong district with a total investment of 53 billion VND; Nghe An Provincial Reserve Training Center with a total investment of 124 billion VND.

The Provincial People's Council also passed a Resolution on the policy of changing the forest use purpose of 107,850 hectares of forest to other purposes to implement 4 projects in Nghe An province./.