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Economics

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Phu Giao District to improve efficiency of public investment

To implement mid-term public investment of period 2016-2020, over the past 5 years, Phu Giao District People's Committee directed drastic measures to improve investment efficiency. Since then, the district created breakthroughs in public investment, capital construction, using investment capital sources for the right purposes, avoiding loss and waste.

During the 2016-2020 period, Phu Giao District carried out many works, which produced good effects on the local development. In photo: Inauguration of Ben Tang Bridge belonging to Tan Hiep and An Linh route.

 Every year, Phu Giao District People's Committee strives to complete the work of compensation and site clearance, creating ground for construction works. directed related branches to advise and perform well the preparation for and procedures of projects, appraised and approved to ensure strict compliance with regulations. Up to now, the district has gained positive results in the work of public investment and capital construction, contributing to creating a new face for urban and rural areas, stimulating the local socio-economic development.

Total mid-term public investment capital of Phu Giao district, in 2016-2020 period, has estimated disbursement by the end 2020 of more than VND 1,600 billion, reaching 94% of mid-term capital plan and being equal to 98% of total annual allocated capital. Namely, disbursement value of province-managed fund reached nearly 969 billion VND, being equal to 92% mid-term capital plan and 99% total annual allocated fund. Namely, disbursement value of province-managed fund reached nearly 969 billion VND, being equal to 92% mid-term capital plan and 99% total annual allocated fund. The total number of transition projects was 19, with total disbursement capital reaching nearly 250 billion VND, including four transition works completed in 2016. The number of new construction projects was 53, with a total disbursement capital of 1,160 billion VND. 49/53 projects of various fields were put into use in period 2016-2020.

Besides, Phu Giao District People's Committee also made compensation for 5 projects, with total disbursement of more than 60.2 billion VND; prepared investment for 12 works, with disbursement capital of nearly 5 billion VND. The district performed the investment decentralization to 11 communes and towns with 167 projects with total disbursement of 125.5 billion VND. These were 149 traffic works, with total disbursement of over 113.8 billion VND and 18 other capital construction projects, with a total disbursement capital of more than 11.6 billion VND. Over the period 2016-2020, the district had 14 projects that must adjusted total investment capital compared to the initially approved total investments; among these, 9 projects were managed by province level, 5 projects were managed by district level. Total investment capital mobilized from the district's budget surplus was 81.5 billion VND and has disbursed 100% the approved target. Over the past 5 years, the district had 28 projects having delayed construction process, consisting of 14 province-managed projects and 14 district-managed projects. There were 17 capital construction projects with total arrears of 173 billion VND; 54 projects were completed, handed over and put into use, in which there were 18 province-managed projects and 36 district-managed projects.

To improve the efficiency of public investment, Doan Van Dong, chairman of Phu Giao District People's Committee, said: "The People's Committee will concentrate on the preparation for investment and project profiling; continue appraise construction projects that were previously eligible to start. Doing a good job of coordinating departments to counsel, appraise, invite tenders, improve transparency, publicity to achieve good efficiency and quality; compensation and site clearance, soon put projects into use. Strengthen the inspection, improve the quality of works, heighten responsibilities of contractors and handle delays and problems in accordance with laws.

Reported by Hoai Phuong - Translated by Ngoc Huynh

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