Vinh City People's Council agrees on investment policy for 3 project groups

On the morning of April 19, the 21st Vinh City People's Council held its 16th session to decide on a number of important contents and summarize activities for the 2016 - 2021 term. Photo: Mai Hoa

Attending the meeting were:Phan Duc Dong - Member of the Provincial Party Standing Committee, Secretary of Vinh City Party Committee;Tran Van Mao - Deputy Head of the Provincial National Assembly Delegation.

At the 16th session, the People's CouncilVinh cityreviewed, discussed, and voted to pass the Resolution on assigning Vinh City People's Committee to decide on investment policies and adjust investment policies for 3 project groups.

Comrade Nguyen Van Lu - Standing Deputy Secretary of the City Party Committee, Chairman of the City People's Council chaired the meeting. Photo: Mai Hoa

Delegates attending the meeting. Photo: Mai Hoa

Including theprojectProjects in the fields specified in Clause 2, Clause 3, Article 10, Law on Public Investment 2019 with a total investment of less than 35 billion VND; projects in the fields specified in Clause 4, Article 10, Law on Public Investment 2019 with a total investment of less than 20 billion VND; projects in the fields specified in Point a, Point b, Point c, Point d, Point i, Clause 3, Article 8, Law on Public Investment 2019 in land fund exploitation and resettlement planning with a total investment of less than 80 billion VND.

In case the City People's Committee has decided on the investment policy for the above projects, if the total investment must be adjusted to exceed the total assigned investment level, it must be submitted to the City People's Council for consideration and agreement before deciding to adjust the investment policy.

Delegates attending the session. Photo: Mai Hoa

In addition to the resolution approving the Resolution on assigning the Vinh City People's Committee to decide on investment policies and adjust investment policies for a number of Group C investment projects, the City People's Council also requested the City People's Committee to issue specific criteria to implement the decision on investment policies and adjust investment policies in accordance with the provisions of the Law on Public Investment; to overcome the situation of public investment projects having to be adjusted many times and investment being spread out.

The City People's Committee also needs to be determined to exploit the city's resources, while seeking support from the Central and the province to carry out public investment tasks effectively, in line with the city's development goals and orientations.

Upgrading the drainage system on Le Hong Phong Street. Photo: Lam Tung