Nghe An Provincial People's Council will consider adjusting investment capital for 3 traffic projects.

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The Provincial People's Committee has submitted 3 documents and drafted a resolution to adjust the investment policy to submit to the Provincial People's Council. Including, a draft resolution to adjust the investment in the Project to upgrade and expand Binh Minh Road (Cua Lo town); a draft resolution to adjust the investment in the Project to bypass National Highway 1A, section Quynh Hau - Quynh Hong - Quynh Dien - Quynh Giang, Quynh Luu district; a draft resolution to adjust the investment in the Project to renovate and upgrade the connecting road from Provincial Road 534 in Tan An commune, Tan Ky district with Provincial Road 534D in Phu Son commune (Tan Ky district) to Ho Chi Minh road and Cay Chanh (Anh Son district).

Specifically,Project to upgrade and expand Binh Minh road (Cua Lo town)The total investment is 310 billion VND; of which the additional central budget with a target for the locality is 155 billion VND and the town budget from the land use rights auction for the period 2021 - 2025 is left for Cua Lo town according to decentralization, which is 155 billion VND.

However, due to difficulties in the auction of land use rights in Cua Lo town, in order to ensure continued acceleration of construction progress, early completion and putting into use; The Provincial People's Committee submitted to the Provincial People's Council to adjust the structure of the town's budget for auctioning land use rights for the period 2021 - 2025, which is left to Cua Lo town according to decentralization, from 155 billion VND to more than 133.7 billion VND and the additional central budget with a target for the locality from 155 billion VND to more than 176.2 billion VND.

AboutProject of National Highway 1A bypass, section Quynh Hau - Quynh Hong - Quynh Dien - Quynh Giang (Quynh Luu district)with a total investment of 200 billion VND; in which the capital structure is the additional central budget with a target for the locality of 100 billion VND and the Quynh Luu district budget of 100 billion VND.

However, the Quynh Luu district budget is facing difficulties due to the recent decline in revenue from land auctions. Therefore, the Provincial People's Committee proposed the Provincial People's Council to adjust the investment policy on capital structure; reduce the Quynh Luu district budget from 100 billion VND to more than 63.9 billion VND and increase the targeted additional central budget for the locality from 100 billion VND to more than 136 billion VND.

Renovation project,Upgrading the connecting road from provincial road 534 in Tan An commune to provincial road 534D in Phu Son commune (Tan Ky district) to Ho Chi Minh road and to Cay Chanh (Anh Son district)with a total investment of more than 148.8 billion VND. Of which, the structure of the central budget capital source with additional targets for the locality is more than 105 billion VND and the provincial budget in the medium-term public investment plan for the period 2021 - 2025 is 15 billion VND; the budget source of Tan Ky district is more than 27.7 billion VND.

Due to the difficulties in the Tan Ky district budget and to speed up the construction progress, complete and put this project into use soon; the Provincial People's Committee proposed to the Provincial People's Council to adjust the capital structure of Tan Ky district's budget from more than 27.7 billion VND to more than 10.7 billion VND; increase the central budget capital supplemented with a target for the locality from more than 105 billion VND to more than 123 billion VND. The provincial budget source in the medium-term public investment plan for the period 2021 - 2025 remains at 15 billion VND.