Proposal to increase state capital ratio in road traffic projects

The Ministry of Planning and Investment is seeking comments on the draft Resolution of the National Assembly on piloting a number of mechanisms and policies to remove obstacles stipulated in a number of Laws related to investment in the construction of road traffic works.

In the draft, the Government submitted to the National Assembly Standing Committee, the National Assembly regulates 3 pilot policies on: The rate of state capital participating in PPP projects; assigning authority to localities as the governing body, using local budget capital to invest in national highway and expressway projects passing through localities; assigning a locality to decide on investment policies for road traffic projects passing through many localities and using the budget of one locality to support capital for another locality.

Proposal to increase the state capital ratio in road traffic projects - 1 — The draft proposes to pilot three new policies in road investment.

According to the Ministry of Planning and Investment, the choice of increasing the State participation rate in PPP projects aims to create more motivation in attracting and mobilizing private investment capital in the construction of road projects, contributing to reducing the burden on the state budget and saving resources and the state management apparatus due to the costs of operation, maintenance and exploitation during the project life cycle carried out by investors.

In addition, increasing the State's participation rate also creates momentum for economic restructuring in regions, connecting key economic regions with disadvantaged localities, ensuring social security, eliminating hunger and reducing poverty, and making an important contribution to changing the face of the country.

The regulation allowing the Prime Minister to consider and decide to assign the provincial People's Committee to be the managing agency for national highway and expressway investment projects, according to the Ministry of Planning and Investment, aims to mobilize local resources to invest in important national works and projects, which are of great significance to the socio-economic development of their localities. Local leaders will promote autonomy, enhance responsibility and capacity for officials in charge of project management and operation; facilitate the assurance of security, order and traffic safety.

This proposal also aims to mobilize local labor forces to participate in the investment and construction process; give local authorities the initiative in planning, connecting infrastructure, determining the location of necessary intersections to create space for economic development; attract investment, exploit land funds along the route; control raw material mines right from the licensing stage; manage prices, avoid speculation and profiteering; facilitate site clearance, shorten implementation time, and assign responsibilities to relevant parties...

The proposal to allow the Prime Minister to consider and decide to assign the People's Committee of the province with a larger proportion of investment capital or according to the agreement of the localities to be the investment management agency, according to the Ministry of Planning and Investment, the regulation will remove practical bottlenecks in the process of organizing the implementation of regional investment projects, coastal roads, and bridge and tunnel projects through two localities.

“In order to unify and improve the effectiveness of state management and promptly resolve practical difficulties, it is necessary to submit to the National Assembly a pilot Resolution assigning the Prime Minister to decide on issues related to the scope of two or more provincial-level administrative units in investing in the construction of road traffic works through many localities and allowing localities to use their local budgets to support other localities to jointly implement an investment project,” the Ministry of Planning and Investment stated.

(Source: tienphong.vn)

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