Vinh City People's Council gives opinions on investing in 99 new projects and works in 2024

Public investment expected in 2024 with 99 projects

Accordingly, the City People's Council has approved the city's planned public investment plan for 2024 with 99 new investment projects and projects in preparation for investment. The total public investment capital for 2024 from the city budget is VND 3,200 billion.

Of the 99 projects, there are 20 projects expected to start construction in 2024 from investment preparation in 2023. Notably, the Le Mao extended road project (phase 2); Tran Minh Tong road (section from Tran Tan street to Tue Tinh street); renovation and upgrading of Nguyen Gia Thieu road (section from Vo Nguyen Hien street to Ton That Tung street), Hung Dung ward; renovation and upgrading of Nguyen Dinh Chieu road, Le Loi ward; upgrading of Nguyen Bieu road, branch 1, Le Mao ward, etc.

There are 18 anti-flooding projects and works; 9 school projects and works; 30 traffic projects, economic development and embellishment projects; 22 cultural institutional projects, including cultural houses, sports fields, and commune and ward police headquarters.

In addition to the resolution on the list of works, projects and the estimated total public investment capital from the city budget, the Vinh City People's Council also resolved to unify the principles for implementing public investment and the priority order of capital allocation.

Specifically, allocate sufficient capital to pay off outstanding debts of basic construction according to the provisions of the Law on Public Investment (if any) to repay the advanced capital planned but there is no source to repay in the previous medium-term public investment plan (if any); completed and handed over projects for use, projects expected to be completed in 2023 to promote effective use; transitional projects that have exceeded the capital allocation period or transitional projects that must be completed in 2024 according to the capital allocation period; allocate counterpart capital for projects using ODA capital; transitional projects implemented according to the approved schedule as prescribed in Article 52 of the Law on Public Investment.

After allocating sufficient capital for the above tasks, capital will be allocated to newly started projects that have completed investment procedures; in case investment procedures have not been completed at the time of planning, investors must report their commitment to completing the investment decisions of the projects before handing over the detailed capital plan for 2024 (before December 31, 2023).

Reduce and withdraw capital from 39 projects

Also at the 9th session, Vinh City People's Council reviewed and approved the Resolution on adjusting the 2023 Public Investment Plan from the city budget (2nd time).

Specifically, the City People's Council approved the content, keeping the total public investment capital in 2023 from the city budget at VND 2,200 billion, but decided to reduce and withdraw capital for 39 works and projects with a total of more than VND 288 billion; of which, capital was withdrawn from 2 categories of works and projects.

From the capital withdrawn from 39 projects, the project has increased capital for 109 projects and items, of which 7 projects will be invested in 2023.

The adjusted plan for restructuring public investment capital in 2023 of Vinh city is to repay debts of 73 projects completed in 2022; 122 projects expected to be completed in 2023; 26 projects expected to be completed after 2023; 61 projects newly started in 2023; 21 projects preparing for investment in 2023.

At the 9th session, the City People's Council passed 7 resolutions, including::

1. Resolution on approving the 2022 budget settlement.

2. Resolution on tasks and solutions to implement the State budget plan for the last 6 months of 2023.

3. Resolution on adjusting the 2023 public investment plan from Vinh city budget.

4. Resolution giving opinions on public investment in 2024 from Vinh city budget.

5. Resolution on the Monitoring Program of Vinh City People's Council in 2024.

6. Resolution on the establishment of a specialized monitoring delegation on handling and responding to voters' opinions and recommendations for the 2021 - 2023 period.

7. Resolution on strengthening the issuance, renewal and issuance of Land Use Right Certificates in Vinh city.