Provincial People's Council approved Resolution to adjust capital plan targets of 7 projects

On the morning of November 12, in Vinh City, the People's Council of Nghe An province, term XVIII, 2021 - 2026, solemnly opened the 10th session - thematic session.

Panorama of the thematic session of Nghe An Provincial People's Council. Photo: Pham Bang

At the thematic meeting, Nghe An Provincial People's Council passed a Resolution adjusting the 2022 public investment plan from the local budget for 7 projects.

Adjustment principles, adjustment principles for reducing projects that are no longer needed (due to expected settlement value decreasing compared to the total approved investment) or newly started projects that are carrying out investment procedures, and are not expected to be implemented and disbursed in time within the year.

Provincial People's Council delegates attending the meeting. Photo: Pham Bang

For the principle of increasing adjustment, the project must be on the list approved by the Provincial People's Council and assigned targets by the Provincial People's Committee for 2022, have a good disbursement rate, and have the need and ability to disburse additional targets in 2022.

The additional capital for the project must not be greater than the medium-term public investment plan for the 2021-2025 period minus the capital allocated in the project's 2021 and 2022 plans.

Delegates vote to pass the Resolution. Photo: Pham Bang

According to the Resolution, the planned targets of 3 projects with a capital of 34,668 billion VND were adjusted down. The projects with reduced capital targets include: Road project to Thai Hoa waste treatment area (phase 1); Road upgrade project in Duc Thanh town, Yen Thanh district (phase 1); Infrastructure construction project for digital transformation in Nghe An province (phase 1).

Adjusted to increase the planned target for 4 projects with a capital of 34,668 billion VND. The projects with adjusted capital targets include: Traffic project from National Highway 46 to wharf 5, wharf 6 of Cua Lo port; Project to renovate and upgrade the headworks, canals and works on the canals of pumping stations along Lam river through Anh Son, Do Luong, Thanh Chuong districts; Project to build facilities for Do Luong district general hospital; Project to build practice buildings and auxiliary items of Phan Thuc Truc high school (Yen Thanh district).

The disbursement rate of public investment capital in Nghe An province is low. In the photo, the Thanh Nam bridge project across the Lam River in Con Cuong district. Photo: Pham Bang

Up to now, although the Provincial People's Committee has directed drastically and synchronously, the disbursement rate of public investment capital in Nghe An has only reached over 53%, lower than the same period in 2021. With less than 2 months left in 2022, Nghe An province strives to disburse according to the Government's assigned targets and requires all levels, sectors, and investors to disburse according to their commitments.