Focus on disbursing public investment capital at the beginning of the year

2025 is the last year of implementing the 2021-2025 plan. Quang Ninh province has decided to allocate nearly 12,000 billion VND of public investment capital to implement settlement and investment in projects and works in the medium-term public investment plan. Relevant departments, branches, investors, and local People's Committees, based on the province's capital allocation plan, will quickly disburse at the beginning of the year.

Contractor excavating soil and rock, lowering the roadbed for the project connecting Highway 4B to Highway 18 (Tien Yen district).

Of the nearly 12,000 billion VND of public investment capital allocated, the central budget is over 557 billion VND; the provincial budget is nearly 9,000 billion VND; and the district budget is over 2,400 billion VND. Up to now, the public investment capital for 2025 has been allocated in detail by the Provincial People's Committee and localities to projects and works to ensure concentrated investment, not dispersed, not spread out, increasing the efficiency of capital use; ensuring centralized management, unification of goals, mechanisms, and policies; implementing decentralization in investment management according to the provisions of law, creating initiative for local authorities at all levels in developing and implementing plans.

The priority order of public investment capital in 2025 is mainly to settle the basic volume that has been completed to avoid incurring construction debt (if any); recover advanced capital; settle projects, complete projects, projects that have been handed over and put into use but have not yet allocated enough capital; implement transitional projects, especially key projects, driving projects with great influence.

Accordingly, the central budget capital will be prioritized for 2 projects: Upgrading provincial road 341 from Mong Cai Border Gate Economic Zone to Bac Phong Sinh Border Gate Economic Zone, phase 2; riverside road connecting from Ha Long - Hai Phong expressway to Dong Trieu city, section from provincial road 338 to Dong Trieu city, phase 1. Provincial budget capital is allocated for the settlement of 28 projects completed before 2025; 44 transitional projects; 6 new projects and support for localities that have not yet balanced themselves as well as the overall program for sustainable socio-economic development to ensure solid national defense and security in communes, villages, and hamlets in ethnic minority areas, mountainous areas, border areas, and islands associated with the implementation of national target programs. District budget capital is based on actual needs, and localities proactively allocate and allocate to projects and works.

The Provincial Media Center is speeding up progress, striving to complete by June 2025.

According to the leader of the Department of Planning and Investment, during the implementation process, the unit strictly controlled the capital source in 2025 assigned to projects and works. The province's guiding viewpoint is that localities only allocate capital to projects that have completed investment procedures, ensuring disbursement conditions; ensuring principles and priority order of capital allocation according to the provisions of the Law on Public Investment and resolutions of the Provincial People's Council. In particular, strictly implement Regulation No. 189-QD/TW (dated October 8, 2024) of the Central Executive Committee on "Controlling power, preventing and combating corruption and negativity in the management and use of public finance and assets" and Official Dispatch No. 112/CD-TTg (dated November 6, 2024) of the Prime Minister on "Focusing on resolving backlog projects, stopping construction, urgently implementing, completing, and putting into use to prevent waste and loss".

To ensure that public investment capital in 2025 is disbursed smoothly and payments are made in accordance with legal regulations, the Provincial People's Committee directs investors and local People's Committees to develop plans for site clearance and project implementation according to monthly and quarterly progress for each project; assign leaders to be responsible for monitoring the progress of each specific project according to the set plan; urge and proactively remove difficulties for each project.

Investors focus on urging and closely monitoring transitional projects and works, developing construction plans suitable to actual conditions, not reducing the number of workers and working hours at the construction site because of the end of the year and near Tet; having policies to promptly support and encourage workers and engineers to stay at the construction site to celebrate Tet, enjoy Spring, and work through Tet to ensure construction progress, complete capital disbursement plans right from the first week and month of the year. Along with that, speed up the progress of completing investment procedures, selecting contractors, and starting new projects soon.

Regarding the acceptance and payment of public investment capital for 2025, the Provincial People's Committee requests departments, branches, investors, and local People's Committees to carry out capital payment procedures for projects within 5 working days from the date of acceptance of the volume according to regulations; not to accumulate payments at the end of the year; manage and use the advance capital for the right purpose, right subject, advance capital level, and recovery period according to the provisions of Decree No. 99/ND-CP (November 11, 2021) of the Government on "Management, payment, and settlement of projects using public investment capital"; take full responsibility before the law, inspection, examination, and auditing agencies for the management and advance payment of public investment capital from the state budget within the scope of the assigned capital plan. For completed projects put into use, it is necessary to urgently complete the procedures for approving the settlement and final payment according to regulations.

Source: https://baoquangninh.vn/tap-trung-giai-ngan-von-dau-tu-cong-ngay-dau-nam-3337497.html