Nghe An withdraws capital from 6 public investment projects and transfers it to 3 transport projects with good disbursement progress.

Accordingly, the People's Council of Nghe An province has decided to adjust down the 2023 public investment plan from the local budget for 6 projects with a total capital of 74,347 billion VND including: traffic road from Pha Khao village, Mai Son commune, Tuong Duong district to milestone 390, reducing 8/10 billion VND in the total plan assigned this year.

Investment in improving measurement and testing capacity for Nghe An Technical Center for Standards, Metrology and Quality decreased by 9.347/9.347 billion VND assigned in 2023; the project to build Nghe An Oncology Hospital (phase 2) decreased by 10/15 billion VND assigned in 2023; construction of drainage ditches along Le Nin Street, Truong Thi Ward (Vinh City) decreased by 30/30 billion VND assigned.

The project of the Party Committee, People's Council, and People's Committee headquarters of the communes: Yen Thang, Xieng My, Tam Hop, Huu Khuong, Nhon Mai, and Mai Son (Tuong Duong) reduced 10/15 billion VND assigned; the project of building infrastructure for digital transformation in Nghe An province reduced phase 7/7 billion VND assigned.

More than 74 billion VND reduced from the above 6 projects will be poured into 3 projects including: the traffic road connecting Vinh - Cua Lo (phase 2) will be increased by 48,347 billion VND, bringing the total local budget public investment capital for this project in 2023 to 98,347 billion VND.

Do Cung Bridge across Lam River, Thanh Chuong District has been supplemented with an additional 15 billion VND, thus, the total local budget public investment capital for this project in 2023 will reach 70 billion VND.

The remaining 11 billion VND is allocated for the renovation and repair of provincial road 539C, section Km7 - Km16+50, bringing the total public investment capital from the local budget for the project in 2023 to 21 billion VND.

Previously, in the report of the Provincial People's Committee to the Provincial People's Council for explanation, the projects were withdrawn due to the expected failure to disburse all assigned plan targets due to documents and procedures such as project adjustment or legal procedures related to the representative of the construction contractor... Some projects have a large amount of advance capital planned for 2022, are constructing the volume to repay, have not disbursed or the disbursement plan for 2023 is low.

The projects with increased public investment capital have been approved by the Provincial People's Council and assigned by the Provincial People's Committee to the 2023 public investment plan targets. The additional capital for the project is guaranteed to be no greater than the remaining unallocated medium-term public investment plan for the 2021-2025 period.

In particular, Nghe An prioritizes additional capital for key traffic projects to speed up progress, complete projects and put them into use soon, contributing to creating momentum for socio-economic development and a number of projects with good disbursement progress, with demand and ability to disburse additional targets in 2023.