Mobilizing public investment capital to promote economic development

Việt NamViệt Nam09/12/2024


Identifying the important role of public investment capital mobilization in creating momentum and promoting economic development, over the past 4 years, the People's Committee of Nhu Xuan district has led and directed specialized departments and communes and towns to actively mobilize resources to invest in technical infrastructure and facilities in the area.

Mobilizing public investment capital to promote socio-economic development Urban infrastructure of Yen Cat town (Nhu Xuan) is being invested in to become more and more spacious and modern.

In the period of 2021-2025, Nhu Xuan district is expected to have 319 investment projects, with a total amount of over 1,487 billion VND, of which the central budget is over 212 billion VND, the provincial budget is 805 billion VND, the district budget, the commune budget and other legally mobilized sources are nearly 470 billion VND. In order to effectively implement public investment, the District People's Committee has directed specialized departments, offices and People's Committees of communes and towns to implement medium-term and annual public investment plans. At the same time, the District People's Committee proactively coordinates with provincial departments, offices and branches to maximize additional capital for transitional projects and new projects of the district. Along with that, it mobilizes maximum local resources such as socialized capital, land use funds, increased revenue and expenditure savings, etc. to implement basic construction investment. The district also regularly meets to urge contractors to speed up project implementation progress. Urgently complete documents and procedures to select contractors to organize construction to ensure progress according to the contract and State regulations; direct functional departments and offices to speed up compensation progress as well as resolve problems in site clearance, promptly hand over clean site so that investors can organize construction according to plan.

Based on the direction of the District People's Committee, the functional departments and branches, based on the prescribed time frames, strengthen monitoring and supervision of the progress of implementation and disbursement of the annual public investment capital plan; investors urgently accept the completed volume, prepare payment records to disburse investment capital. In addition, resolutely handle construction contractors, design consultants, and supervision consultants who do not comply with the progress and quality according to the signed contract or contractors who do not coordinate well in completing records for payment and settlement according to regulations. The District People's Committee also directs the People's Committees of communes and towns to proactively balance and arrange the annual commune-level budget capital plan to pay for completed volumes for projects managed by communes, not to allow additional completed volumes but not yet allocated capital; determine specific roadmaps and solutions to completely handle the remaining capital shortage. Based on the district's revenue, continue to allocate funds from the district budget for projects that lack capital.

According to statistics, from 2021 to present, in Nhu Xuan district, over 1,187 billion VND has been mobilized, with over 300 projects, such as: upgrading and expanding the traffic route from Thuong Ninh commune to Cat Tan with a total investment of 44,236 billion VND; project to upgrade National Highway 45 to Tan Binh commune with a total investment of 90 billion VND; traffic road from Xuan Quy commune to Thanh Lam over 157 billion VND... Currently, the rate of hardened traffic roads in the area has reached 78.45% (excluding national highways and provincial roads). Through investment in traffic development, it has created connections and circulation of goods between the district and localities inside and outside the province, thereby creating momentum for local socio-economic development, improving people's lives.

In addition to paying attention to developing connecting traffic, with the advantage of having Ho Chi Minh Road passing through the district, the People's Committee of Nhu Xuan district has paid attention to investing in technical infrastructure of Xuan Hoa and Thuong Ninh industrial clusters to attract businesses to operate production. In addition, the People's Committee of the district has also focused on reviewing, supplementing, appraising, and submitting for appraisal urban planning to meet the requirements of sustainable development. At the same time, capital has been allocated to renovate, improve and upgrade urban areas, power grid infrastructure, and the fields of health and education have also received investment attention.

Comrade Nguyen Duc Dong, Chairman of the District People's Committee, said: In order to meet the development requirements, the People's Committee of Nhu Xuan district has established a medium-term public investment plan for the period 2026-2030 with a total investment of VND 4,506 billion for 375 projects, of which the central budget is VND 1,275.625 billion; the provincial budget is VND 2,408.2 billion; the district and commune budgets are VND 198.4 billion... To have investment resources, Nhu Xuan district is taking full advantage of the attention and support of central and provincial agencies, along with the efforts of the Party Committee and authorities to effectively implement public investment to promote socio-economic development, improve people's lives, and build Nhu Xuan into one of the leading districts in the mountainous areas of Thanh Hoa province.

Article and photos: Minh Hieu



Source: https://baothanhhoa.vn/huy-dong-von-dau-tu-cong-nbsp-thuc-day-phat-trien-kinh-te-xa-hoi-232867.htm

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