Vinh City approved investment policies for 9 new projects and withdrew the investment portfolio of 12 works and projects.

View of the 8th session of the Vinh City People's Council, term XX, 2021 - 2026. Photo: MH

Approved 9 new investment projects

Accordingly, based on the submission and draft resolution on deciding on investment policies and adjusting investment policies of projects submitted by the City People's Committee; the City People's Council reviewed and approved the investment policies of 9 new projects.

Vice Chairman of Vinh City People's Committee Nguyen Sy Dieu presented the reports. Photo: MH

Among them, there are some noteworthy projects such as: Ly Tu Trong Street extension (section from Truong Van Linh Street to 24m planned road); Nguyen Chi Thanh Street (Hung Dong Commune); construction of Nghi Phu and Nghi Duc regulating lakes and connecting canals;...

Along with 9 new investment projects, Vinh City People's Council also approved the adjustment of investment policies for 18 projects. Including the Le Mao extended road project (phase 2); 18m planned road, from Le Loi street to Hoang Xuan Han street (Le Loi ward); 18m planned road, from Nguyen Thai Hoc street connecting Hoang Nghia Luong street; 24m wide Hai Thuong Lan Ong street, from Bui Huy Bich street to the 24m planned road; 24m wide Hai Thuong Lan Ong street, starting point intersecting Truong Van Linh street and ending point intersecting Bui Huy Bich street; 24m planned road in Nghi Phu commune, connecting from Xo Viet Nghe Tinh street to Nguyen Van To street; renovation and upgrading of Dinh Cong Trang and Phan Dinh Phung streets;...

Comrade Pham Minh Tuan - Head of the City Party Committee's Propaganda Department, Head of the Economic - Social Committee, City People's Council reported the results of the review by the Economic - Social Committee, City People's Council on the draft resolutions submitted at the meeting. Photo: MH

Reduce capital and withdraw investment portfolio of 12 projects that are not implemented

At this session, the Vinh City People's Council considered and passed the Resolution on adjusting the medium-term public investment plan from the State budget, period 2021-2025 of Vinh city and the Resolution on adjusting the 2023 public investment plan from the Vinh city budget.

In addition, the City People's Council also agreed to reduce the total capital by more than VND 408 billion; of which, reducing capital for 31 works and projects according to the approved settlement value; reducing capital for 5 works and projects with expected disbursement capacity in the 2021-2025 period; reducing capital and withdrawing the list of 12 works and projects that do not carry out investment in the 2021-2025 period; reducing capital for reserve allocation, planning, land use plans, debt settlement of wards and communes.

Adjusting the total capital to increase by more than 3,237 billion VND, of which, increasing capital for 36 works and projects that must adjust the total investment due to changes in scale and compensation costs for site clearance; increasing capital for 47 works and projects under the Medium-Term Plan that can be implemented until 2025; increasing capital for 5 works and projects from investment preparation to investment implementation in the 2021-2025 period; increasing capital for handling outstanding debts of works and projects decided by the City People's Committee for investment with counterpart capital from the ward budget; expected to increase capital for land fund exploitation; increasing capital and supplementing the list of 79 works to implement investment in the 2021-2025 period.

Comrade Cao Van Toan - Deputy Secretary of the Party Committee, Chairman of the People's Committee of Dong Vinh Ward spoke at the meeting regarding the list of investment projects in the ward. Photo: MH

Regarding the Resolution adjusting the 2023 Public Investment Plan from Vinh City's budget, the City People's Council approved a capital reduction adjustment for 1 project; an increase in capital for 11 projects, of which 6 projects were transferred from investment preparation to investment implementation in 2023.

City People's Council delegates vote to approve resolutions presented at the meeting. Photo: MH

Speed ​​up the implementation progress and disbursement of investment capital for projects

Speaking at the meeting, comrade Phan Duc Dong - Member of the Provincial Party Standing Committee, Secretary of the City Party Committee, Chairman of the Vinh City People's Council emphasized: Based on the ability to balance capital sources and socio-economic development goals of the city and from considering the proposal of the City People's Committee, the City People's Council passed 3 resolutions at the meeting.

Including: Resolution on deciding on investment policies, adjusting investment policies of projects; Resolution on adjusting the Public Investment Plan from the State budget, period 2021-2025 of Vinh city; Resolution on adjusting the Public Investment Plan in 2023 from the Vinh city budget.

The Chairman of the Vinh City People's Council requested the City People's Committee, departments, offices and units, according to their assigned functions, tasks and powers, to resolutely and synchronously deploy solutions to ensure that the resolutions of the City People's Council are effectively implemented.

Comrade Phan Duc Dong - Member of the Provincial Party Standing Committee, Secretary of the City Party Committee, Chairman of the Vinh City People's Council delivered the closing speech at the 8th session of the 20th City People's Council, term 2021 - 2026. Photo: MH

In particular, focusing on directing the acceleration of the implementation progress and disbursement of investment capital for projects; regularly urging, inspecting and supervising the quality of works; directing the management, payment and settlement of capital to ensure strictness, efficiency and compliance with regulations; promptly overcoming shortcomings, improving investment efficiency, quickly putting completed works into use, especially works celebrating the 60th anniversary of the city's founding, 235 years of Phuong Hoang Trung Do - Vinh; works to prevent and control flooding; building schools, works serving the completion of advanced new rural criteria...