5 policy groups
Vice Chairman of the National Assembly Nguyen Duc Hai chaired the meeting. Photo: Doan Tan/VNA
The Government's report presented by Minister of Planning and Investment Nguyen Chi Dung clearly stated the necessity and basis for issuing the Resolution. Accordingly, the process of implementing the provisions of the law on investment in construction of road traffic works has revealed and given rise to a number of regulations that need to be adjusted to suit the situation, in order to free up resources, speed up construction progress and disburse public investment capital in the road traffic sector, which is one of the important national infrastructure sectors.
The Draft Resolution consists of 10 Articles with main contents including 5 policy groups, each policy will have an attached pilot list.
Minister of Planning and Investment Nguyen Chi Dung presented the Report on the draft Resolution on piloting a number of specific mechanisms and policies on investment in the construction of road traffic works. Photo: Doan Tan / VNA
Accordingly, in Policy No. 1 on the proportion of state capital participating in investment projects under the PPP public-private partnership method (Article 4), the Government proposes that for road traffic projects, the proportion of state capital participating in PPP projects shall not exceed 70% of the total investment of the project.
Policy No. 2 on authority to implement investment projects on national highways and expressways passing through localities (Article 5): The Prime Minister shall consider and decide to assign the People's Committees of provinces with the ability to arrange investment capital from the local budget (including support capital from the central budget, if any) to act as the competent authority to implement investment projects on national highways and expressways passing through their localities.
Policy No. 3 on road traffic projects across multiple localities (Article 6): The Prime Minister shall consider and decide to assign a provincial People's Committee as the competent authority to implement investment in road traffic projects across multiple localities and use the budget of this locality to support investment capital for other localities to invest in project implementation.
Policy 4 on special mechanisms in the exploitation of minerals for common construction materials (Article 7): Investors and construction contractors do not have to carry out procedures for granting a license to exploit minerals for common construction materials included in the construction materials survey dossier for road infrastructure projects. Investors and construction contractors are responsible for conducting environmental impact assessments; being subject to management and supervision of mineral exploitation and use; paying taxes and fees and performing obligations to protect, improve and restore the environment according to the provisions of relevant laws on taxes, fees and environmental protection laws.
Policy No. 5 on special mechanisms applicable to projects using increased central budget revenue in 2022 (Article 8)...
Carefully assess policy impact
Chairman of the National Assembly's Economic Committee Vu Hong Thanh presented the Report on the verification of the draft Resolution on piloting a number of specific mechanisms and policies on investment in the construction of road traffic works. Photo: Doan Tan/VNA
Chairman of the National Assembly's Economic Committee Vu Hong Thanh, representative of the Inspection Agency, said: The Government has proposed specific pilot policies to ensure the successful implementation of the Party's policy on building a modern road infrastructure system, strongly innovating decentralization, delegation, authorization and improving the effectiveness of coordination in leadership, direction and operation, maximizing investment resources, diversifying forms of mobilization, especially non-state resources. Therefore, many opinions agree with the necessity of issuing the Resolution.
However, there are opinions disagreeing with the Government's proposals because the implementation of these regulations is unclear in terms of positive results but may lead to negative consequences. Therefore, it is recommended to supplement a more thorough and complete assessment of the impact of the policies, clarifying the impact on state budget revenue and expenditure, and resources to ensure policy implementation.
Regarding the proportion of state capital participating in PPP projects (Article 4), the Economic Committee found that road traffic projects often have very large costs for land acquisition, compensation, support, resettlement, and total investment, leading to difficulties in attracting non-state capital to participate in investment. Therefore, to create more favorable conditions for the development of the road traffic system, the Economic Committee basically agrees with the proposal to increase the proportion of state capital participating in investment projects under the public-private partnership method to no more than 70% of the total investment of the proposed pilot project.
In addition, the implementation of PPP projects in recent times has shown that they have encountered difficulties, mainly due to the unstable state policies and mechanisms but the lack of adequate investor protection mechanisms... leading to concerns among credit institutions and investors about investing in these projects. Therefore, the Government's proposal on the proportion of state capital participating in investment projects under the public-private partnership model will not completely resolve the current difficulties and problems. Therefore, the Government needs to have a synchronous solution to ensure the effectiveness of the proposed policy.
Regarding the authority to invest in national highway and expressway projects passing through localities (Article 5), the Economic Committee believes that the actual implementation of projects applying this mechanism in the past has shown that the capacity of Project Management Boards in localities is not uniform, some localities have done well, some localities have encountered difficulties, and it is easy for the situation of not completing the component projects synchronously and on schedule. In order for the National Assembly to have more basis for consideration and decision, it is recommended that the Government supplement the preliminary assessment of the implementation of this policy during the implementation of Resolution No. 43/2022/QH15 dated January 11, 2022 on fiscal and monetary policies to support the Socio-Economic Recovery and Development Program.
Regarding the specific mechanism in the exploitation of minerals for common construction materials (Article 7), the Economic Committee recommends continuing to study and evaluate carefully to have more suitable solutions to ensure the progress of projects. In addition, compared to Resolution No. 43/2022/QH15, in addition to contractors, the Government proposes to add the subjects to apply this mechanism to investors, so it is recommended to supplement and clarify the necessity of applying this mechanism to investors implementing projects.
Regarding the specific mechanism applied to projects using the increased revenue from the Central budget in 2022 (Article 8), for projects currently included in the list of the Medium-term Public Investment Plan for the period 2021 - 2025, the Government directs the review and selection of urgent projects that have met all legal conditions, to assign capital plans promptly, in accordance with legal regulations and take responsibility for compliance with the law in capital allocation, ensuring socio-economic efficiency, not being prolonged, causing loss and waste.
According to VNA/Tin Tuc Newspaper
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