The Provincial People's Council gave opinions on adjusting investment policies for 9 projects in the province.

On the morning of July 7, the Economic - Budget Committee of the Provincial People's Council held a meeting to review the draft resolution on adjusting the investment policy of 9 projects in the province. Mr. Cao Tien Trung - Standing Member of the Provincial People's Council, Head of the Economic - Budget Committee of the Provincial People's Council chaired the review. Photo: Mai Hoa

Participating in the inspection were Mr. Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council; members of the Provincial Party Executive Committee: Nguyen Nhu Khoi - Vice Chairman of the Provincial People's Council and Thai Thi An Chung - Deputy Head of the Provincial National Assembly Delegation; representatives of a number of provincial departments and branches and project investors.

Examining the draft resolution on adjusting investment policies for projects in the province, members participating in the examination meeting basically agreed with the proposal of the Provincial People's Committee on adjusting investment policies for 9 projects, including 8 traffic projects.

The purpose of adjusting investment policies is to create favorable conditions for projects to be implemented smoothly in the context of inflation and increasing prices of raw materials. If not adjusted, they cannot be implemented; at the same time, to promote investment disbursement in accordance with the direction of the Central Government.

Comrade Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council spoke at the meeting. Photo: Mai Hoa

The adjustment of investment policies for 9 projects falls into 2 groups: Group maintains the total investment decided initially, but reduces the scale of technical design and some items; Group maintains the project scale and increases the total investment capital.

The additional capital is guaranteed by investors, except for the Do Cung bridge project across Lam river, Thanh Chuong district. Although Thanh Chuong district is the investor, this is a key project of the province so it is supplemented with capital from the provincial budget.

Members attending the review meeting. Photo: Mai Hoa

However, at the meeting, the most concerned members attending the meeting were that among the 9 projects proposed for adjustment, 5 projects had increased total investment and the increased capital was under the responsibility of the investors, whether it could be met.

Such as the project to renovate and upgrade the road connecting Provincial Road 534B in Tan An commune with Provincial Road 534D in Phu Son commune, Tan Ky district, with a proposed adjustment increase of more than 28 billion VND; or the project to upgrade the tourist route from National Highway 7 to Khe Kem Waterfall Tourist Area, Con Cuong district, with an increase of more than 12 billion VND...

Mr. Pham Tuan Vinh - Member of the Provincial Party Executive Committee, Secretary of the Town Party Committee, Chairman of the People's Council of Thai Hoa town, member of the Economic - Budget Committee, Provincial People's Council gave his opinion and proposed that it is necessary to have the opinion of the local People's Council in adjusting the project investment. Photo: Mai Hoa

On the other hand, the projects with adjusted total investment are all guaranteed by investors who are district-level units; however, in the adjustment submission documents, there is no opinion from the District People's Council. It is proposed to supplement this content.

Some opinions also raised concerns about adjusting and cutting down the technical design scale of some construction and project items; such as reducing the scale from 4 floors to 3 floors; the treatment building and cutting down the dining room item of the Traditional Medicine Hospital; or cutting down the road at both ends of the bridge for the Quynh Nghia Bridge Project, Quynh Luu District...

Mr. Nguyen Duc An - Deputy Director of the Department of Transport explained and clarified a number of issues that concerned the meeting participants. Photo: Mai Hoa

Participating in the review meeting, in addition to emphasizing the reasons and purposes for adjusting investment policies for projects, Mr. Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council clarified the allocated capital sources to ensure the projects are implemented.

At the same time, it is emphasized that investors in the process of implementing investment steps must be in the spirit of promoting project efficiency, minimizing costs; from the bidding stage, unit price contracts, focusing on removing difficulties to speed up construction progress, avoiding price slippage, price increase, ensuring the construction time of works and projects according to regulations, not exceeding 4 years from the date of capital allocation.

Mr. Hoang Sy Kien - Deputy Secretary of the District Party Committee, Chairman of the People's Committee of Con Cuong district clarified issues related to the proposed project adjustment in the area. Photo: Mai Hoa

The meeting also examined and agreed with the proposal of the Provincial People's Committee on adding to the list of works and projects that need to convert the purpose of using rice-growing land to be implemented in the province.