Necessary
The Project to Promote the Value of the Huynh Thuc Khang Memorial House in Village 1, Tien Canh, Tien Phuoc was approved and approved for adjustment (2017 & 2022). The total investment after adjustment and addition is nearly 49.2 billion VND (central budget 25 billion VND and provincial budget 24.2 billion VND).
The project implementation process has been directed and reviewed by the competent authority, ensuring compliance with the Central's direction and guidance (landscape embellishment, restoration of original relics according to regulations...).
The project has lasted for many years, changed investors, was slow to implement, had no ability to disburse and exceeded the disbursement deadline, so it had to be returned to the central budget (22.77/25 billion VND).
The Ai Nghia (Dai Loc) Western Bypass Project was approved in August 2019. Total investment is 100 billion VND (provincial budget 70 billion VND). Project implementation period is 2021 - 2025.
The Traffic Road Project from DH3.DL (Dai An) to Dai Loc District Administrative Center was approved and final adjustment approved in May 2024 with a total approved investment of 60 billion VND (provincial budget 54 billion VND and district budget 6 billion VND).
Project implementation period 2021 - 2024. Both projects face difficulties in compensation and site clearance costs. Actual inventory of people's losses is higher than initially estimated, leading to an excess of total investment.
The Ky Ha Port Dredging Project (Phase 2) was approved for investment by the Provincial People's Council on October 30, 2015. The total investment is nearly 199.5 billion VND, with targeted support from the central budget, and will be implemented from 2017 to 2020.
Adjust and supplement the depth of the entire waterway from buoy 0 to Tam Hiep wharf (11km long) to be dredged synchronously to an elevation of minus 10m on the nautical chart to ensure that 15,000-ton ships are fully loaded, 20,000-ton ships and larger can reduce their load or take advantage of high tides to navigate to Ky Ha and Tam Hiep wharfs.
According to Mr. Nguyen Quang Thu - Director of the Department of Planning and Investment, adjusting the investment policy, stopping implementation, completing the procedures to end and settle the project, will open up opportunities for socialized investment, creating conditions for the development of local seaports.
The audit reports of the Economic - Budget Committee of the Provincial People's Council and the appraisal agency all stated that the adjustment of investment policies for these four projects is necessary.
According to Mr. Nguyen Duc - Head of the Economic - Budget Committee of the Provincial People's Council, the two traffic projects in Dai Loc have increased compensation costs, need additional capital, and adjust the implementation time to match the progress of the project completion. The implementation time of the Dredging project to Ky Ha port (phase 2) has expired (2017 - 2023). Time is needed to complete the documents and procedures for project settlement, so the project implementation should be stopped and the implementation time adjusted.
The Huynh Memorial House project has exceeded the deadline for central budget capital allocation; provincial budget capital needs to be allocated (replacing central budget capital) and the project needs to adjust and supplement some investment items. "Adjusting these projects is necessary, in accordance with the actual situation to meet investment goals" - Mr. Duc said.
Capital calculation
Changes and adjustments (investment scale, investment capital, project implementation time) are really necessary to ensure investment efficiency and avoid wasting the state budget. However, the concern is where the resources to implement the project come from.
According to analysis, the provincial budget must compensate 22.77 billion VND for the Huynh Memorial House project, the Ai Nghia Western Bypass project has increased by 48.4 billion VND (148.4/100 billion VND) and DH3.DL increased by more than 35.8 billion VND (95.8/60 billion VND) and 1.83 billion VND of the provincial budget spent on the Ky Ha Port Dredging project.
According to Mr. Nguyen Hung - Deputy Director of the Department of Planning and Investment, the cost of increasing the two traffic projects of Dai Loc will be allocated from the district budget for 2024 - 2025.
Additional capital for the Huynh Memorial House project will be allocated from savings through cutting down on capital plans of completed projects, reduced settlement values, excess capital with no need to use, projects that are slow, prolonged for many years, past the capital allocation deadline, and projects that have stopped implementation, and have no need to use up the remaining capital plan.
“The total investment of the project will be determined in the step of preparing the adjusted project based on the volume and unit price standards according to current regulations, ensuring that it does not exceed the total adjusted investment approved by the competent authority. The investor needs to calculate the appropriate implementation time of the adjusted project, ensuring feasibility, avoiding the need to request an extension of the project implementation time,” said Mr. Hung.
Strengthen inspection and supervision
Recent inspections and supervisions by the Economic - Budget Committee of the Provincial People's Council show that every session of the Provincial People's Council has investment projects requesting adjustment.
The cost increase is mainly due to site clearance, which shows that investors have not fully calculated the cost, the project appraisal is weak, the project preparation has not taken into account the arising options or proposed a small scale project for easy approval. Once the project is delayed or prolonged, it will cause the capital to increase, increasing the total investment is inevitable.
Mr. Dang Tan Phuong - Deputy Head of the Ethnic Affairs Committee of the Provincial People's Council said that compensation and site clearance have been prolonged, and the inventory and determination of damaged assets have not been accurate. This incident has led to compensation and site clearance costs for projects increasing much more than initially planned, forcing the submission of adjustments to investment policies.
According to Mr. Phuong, this situation should not become a common practice. Adjusting investment policies and increasing capital should be minimized. When making estimates, it is necessary to calculate accurately and realistically the compensation and site clearance costs of each project... before submitting for approval. Investors need to commit to the correct progress and time of project implementation.
The quality and efficiency of the project are the top criteria, especially for projects that have been adjusted. According to Mr. Nguyen Duc - Head of the Economic - Budget Committee of the Provincial People's Council, investors and appraisal agencies need to increase their responsibilities and coordinate closely in the preparation and appraisal of project documents, designs, estimates, etc. to ensure investment efficiency and speed up the completion of procedures according to regulations.
Minimize the adjustment of the total project investment after the investment policy has been decided or adjusted. Quality must be checked and monitored, from bidding to construction, to minimize waste and investment loss when the budget is increasingly limited.
Source: https://baoquangnam.vn/dieu-chinh-chu-truong-dau-tu-4-du-an-quang-nam-dat-tieu-chi-chat-luong-va-hieu-qua-len-hang-dau-3141809.html
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