On October 14, according to information from the People's Committee of Quang Ninh province, based on reviewing projects and works included in the medium-term public investment plan and capital needs of localities, relevant departments and branches of the province, the Quang Ninh provincial government reported to the Ministry of Planning and Investment and the Ministry of Finance on the expected public investment capital in 2024.
The Cua Luc 3 bridge project in Ha Long city, Quang Ninh province has an investment capital of more than 1,700 billion VND and is expected to be completed in 2023.
Accordingly, the total expected demand for public investment capital in 2024 of Quang Ninh province is more than 18,600 billion VND, including additional central budget capital for the province of 850 billion VND, the remaining local budget capital (Quang Ninh provincial budget is more than 12,690 billion VND; budget of affiliated localities is nearly 5,200 billion VND).
The priority order for allocating public investment capital in 2024 is determined by Quang Ninh province: Payment of basic construction debt (if any); recovery of advanced capital; projects that have been settled; completed projects that have been handed over and put into use but have not yet allocated enough capital; capital to implement transitional projects, especially key projects, driving projects with great influence...
Based on the estimated public investment capital in 2024, the People's Committee of Quang Ninh province will report and submit to the Provincial People's Council for allocation to projects and works. Of which, the provincial budget capital will be prioritized for 32 projects and works to be completed in 2024, 32 transitional projects and 16 newly started projects.
Along with developing the public investment capital plan for 2024, the People's Committee of Quang Ninh province directed investors and localities to overcome shortcomings and limitations, remove difficulties, and accelerate the disbursement rate of public investment capital in 2023, striving to disburse 100% of the allocated capital plan by December 31, 2023 .
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