26 - 7 - 2021
The government aims to complete a 1,700-kilometer coastal route from Quang Ninh province to Kien Giang province in the 2021-2025 period.
Continuing the working program of the 15th National Assembly's first session, on July 24, Minister of Planning and Investment Nguyen Chi Dung, authorized by the Prime Minister, presented the situation and results of the medium-term public investment plan during 2016-2020 and the expected period 2021-2025.
Expected plan to allocate medium-term public investment plan for the period 2021-2025, Minister Nguyen Chi Dung said, the total state budget allocation is 2,870 trillion VND, including 1,500 trillion VND of capital from the central budget and 1,370 trillion VND from the local budget.
The total number of projects implemented in the 2021-2025 period is less than 5,000 projects, decreased by more than half compared to the 2016-2020 period, in which the planned advance capital is completely recovered and transition projects are completed and started about 2,236 new projects.
"The average allocated capital for a project is 210.4 billion VND, 2.4 times higher than the period 2016-2020 (88 billion VND/project)" - Minister Nguyen Chi Dung reported to the National Assembly.
Regarding the goals set by the Government in the period of 2021-2025, the Minister of Planning and Investment stated that building a synchronous and modern infrastructure system in both economic and social terms, completing important national projects in transportation, climate change adaptation, information infrastructure, digital transformation, development of digital economy and digital society…
By 2025, basically complete the North-South expressway in the East; Ring Road 3, Ring Road 4, dynamic areas in Hanoi and Ho Chi Minh City; route connecting the South Central region with the Central Highlands, investing in infrastructure for the development of the northern mountainous areas, highways and inland waterways works for the Mekong Delta.
Notably, the Government aims to complete over 1,700 km of coastal roads from Quang Ninh to Kien Giang; East West Economic Corridor; repair, upgrade and build water reservoirs, key irrigation works in the Central Highlands, South Central and Mekong Delta…
Presenting the inspection report on the above content, Mr. Nguyen Phu Cuong, Chairman of the Finance - Budget Committee of the National Assembly, said that the majority of opinions in the Finance - Budget Committee said that in general, capital for public investment is expected to increase by 1.43 times compared to the number of plans for the period 2016-2020. However, it is recommended that the Government pay attention and carefully review revenue sources to ensure the feasibility and maintain public debt safety.
The Finance and Budget Committee also noted that the determination of annual investment expenditure estimates must be based on actual State budget revenues from the economy's strength, investment loans within the debt repayment capacity, and do not put too much pressure on debt repayment for the next period. At the same time, ensuring the harmony between growth and the tasks of social security, environmental protection and sustainable development.
The National Assembly's agency has also given its opinion on the Government's plan to complete 1,700 km of coastal roads in 5 years. The majority of opinions in the Finance - Budget Committee and the opinions in the National Assembly Standing Committee stated that it is not feasible.
The reasons indicated are that the coastal roads pass through numerous estuaries and sea mouths, the terrain is complicated while the connectivity is unknown. The ability to allocate state budget to complete the entire route has not been established, this route passes through localities have not been able to balance their budgets, making it difficult to ensure the allocation of local budgets for implementation. Therefore, the Finance and Budget Committee requested the Government to report and adress this issue clearly.
Via: nld.com.vn