The Provincial People's Council reviewed investment policies for a number of projects in the province.

Scene of the review meeting. Photo: Mai Hoa

Review the draft resolution for comments on adjusting the Planpublic investmentMedium-term period 2021 - 2025 central budget capital, meeting members agreed with the content presented by the Provincial People's Committee.

Specifically, adjusting down the medium-term public investment plan targets for the 2021-2025 period for 15 tasks,project,with a total capital of more than 201 billion VND; expected to adjust and supplement the medium-term public investment plan targets for the period 2021 - 2025 for 2 projects, with a capital of more than 201 billion VND.

Comrade Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council proposed that the Provincial People's Committee, departments, branches and localities should focus on improving the quality of submission and appraisal of investment policies for works and projects. Photo: Mai Hoa

Citing some practical examples, comrade Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council said that the process of appraisal and approval of investment policies for a number of works and projects was not really of good quality, so sectors and localities need to learn from experience in the stages of construction and submission of investment policies for works and projects.

Delegates attending the review meeting. Photo: Mai Hoa

Along with that, the Standing Vice Chairman of the Provincial People's Council also noted that the allocation of capital from the cut source for other projects and works must ensure two principles: Avoid spreading and prioritize urgent works.

Comrade Ho Viet Dung - Deputy Director of the Department of Planning and Investment explained and clarified a number of issues raised by draft members at the meeting. Photo: Mai Hoa

The Economic - Budget Committee of the Provincial People's Council also examined the draft resolution on handling the remaining undisbursed capital under the 2022 public investment plan from the local budget; draft resolution on investment policy for the project to renovate and upgrade the road from Tan An commune intersection at Provincial Road 534B to Dong Van commune, Tan Ky district; draft resolution on investment policy for the project to build a new Phan Boi Chau High School for the Gifted; draft resolution adjusting the investment policy for the project on the tourist route along the Ban Mong reservoir, Quy Chau district; draft resolution on investment policy for the project to renovate and upgrade canals in the Southern Irrigation System, Nghe An.

Comrade Nguyen Thanh Tung - Deputy Director of the Department of Finance committed to allocating capital to implement the project of renovating and upgrading the road from Tan An commune intersection at Provincial Road 534B to Dong Van commune, Tan Ky district on schedule. Photo: Mai Hoa

Members attending the review meeting. Photo: Mai Hoa

The issue that delegates are concerned about is whether the adjustment and reduction of project investment will affect the objectives and contents of the initially approved project; at the same time, it is proposed that the Provincial People's Committee needs to comprehensively review and evaluate the works and projects that have been reduced and adjusted to supplement capital for other works and projects effectively, from which to consider the transfer in the coming time.

Regarding specific projects and works, some members attending the meeting raised concerns about the funding source for the project to renovate and upgrade the road from Tan An commune intersection at Provincial Road 534B to Dong Van commune, Tan Ky district from the province's excess revenue and the central government's targeted support source, both of which depend on annual implementation results; on the other hand, the counterpart source of Tan Ky district 14.4 billion VND is also a difficulty.

Comrade Cao Tien Trung - Standing Member, Head of the Economic - Budget Committee of the Provincial People's Council requested the Provincial People's Committee, departments, branches and localities to absorb the opinions raised at the meeting for implementation in the coming time. Photo: Mai Hoa

The Department of Finance affirmed that this is an important project, so the department will pay attention to arranging capital for implementation. At the same time, it requested Tan Ky district to arrange the budget according to the commitment, ensuring the project is implemented on schedule, creating favorable conditions for people to travel, contributing to promoting the local socio-economy.