11:03, 23/03/2022

Disbursing public investment capital

In 2022, Khanh Hoa Provincial People's Committee determined to drastically and effectively disburse public investment capital at the beginning of the year to create a driving force for the economic recovery and development of the whole province.

In 2022, Khanh Hoa Provincial People's Committee determined to drastically and effectively disburse public investment capital right from the beginning of the year to create a driving force for the economic recovery and development of the whole province.
 
By the end of 2021, the disbursement rate of public investment capital in the province reached 97.1% that was the highest rate ever. However, the provincial People's Committee determines that in 2022 public investment still plays an important role, creating a driving force for general development as the economy is still difficultt. Therefore, the disbursement of public investment should be carried out urgently at all levels from the beginning of the year. To achieve this task, the provincial People's Committee requires departments, branches and localities to improve their responsibilities in management, effectively use public investment capital, and accelerate implementation of projects.
 

 

Executing Van Phong - Vinh Tan 500kV transmission line.
Executing Van Phong - Vinh Tan 500kV transmission line.
 
According to Le Huu Hoang - Standing Vice Chairman of the provincial People's Committee, investors and localities need to determine the disbursement of public investment capital as a key task and strengthen coordination with related units to solve problems in site clearance and investment procedures to implement construction to ensure project progress.
 
In 2022, in the context of many difficulties and challenges, especially the complicated situation of the Covid-19 epidemic, public investment continues to be the driving force for the growth of the whole year and the following years.
 

 

Executing coastal embankment in Ninh Hai ward, Ninh Hoa
Executing coastal embankment in Ninh Hai ward, Ninh Hoa
 
Le Huu Hoang affirmed that, in order to well implement the disbursement of public investment capital in 2022, in the coming time, it is necessary to strengthen the responsibility of investors in completing documents and coordinating with relevant units to solve problems in site clearance and investment procedures to ensure timely construction of the project. 
 
In 2022, the Prime Minister assigned the public investment capital plan of more than 3,569 billion VND to Khanh Hoa. In which, the capital from the local budget is more than 2,625 billion VND; capital supported by the central has a target of nearly 543.7 billion VND; ODA and concessional loans from abroad are more than 127.6 billion VND; capital from overspending is 272.6 billion VND.
 
Dinh Lam
 
Translated by T.T