Mobilizing public investment capital promotes economic development.

Recognizing the crucial role of mobilizing public investment capital to create momentum and promote economic development, over the past nearly four years, the People's Committee of Nhu Xuan district has led and directed specialized departments and communes and towns to actively mobilize resources to invest in technical infrastructure and facilities in the area.

The urban infrastructure of Yen Cat town (Nhu Xuan district) is receiving increasing investment and is becoming more spacious and modern.

During the period 2021-2025, Nhu Xuan district is expected to have 319 investment projects, with a total investment of over 1,487 billion VND, including over 212 billion VND from the central government budget, 805 billion VND from the provincial budget, and nearly 470 billion VND from the district budget, commune budgets, and other legally mobilized sources. To effectively implement public investment, the District People's Committee has directed specialized departments and the People's Committees of communes and towns to implement the medium-term and annual public investment plans. At the same time, the District People's Committee proactively liaises with provincial departments and agencies to maximize the allocation of supplementary funds for transitional projects and new projects in the district. In addition, it maximizes the mobilization of local resources such as socialized capital, land use fees, and increased revenue from reduced expenditures... to carry out basic construction investment. The district also regularly holds meetings to urge contractors to accelerate project progress. Expeditiously complete the necessary documents and procedures to select a contractor for construction to ensure progress according to the contract and state regulations; direct relevant departments and divisions to accelerate the compensation process and resolve obstacles in land clearance, promptly handing over a clean site so that the investor can proceed with construction as planned.

Based on the direction of the District People's Committee, functional departments and agencies, according to the prescribed timelines, will strengthen monitoring and supervision of the progress of implementation and disbursement of annual public investment capital plans; project owners will promptly inspect completed work and prepare payment documents for capital disbursement. In addition, they will resolutely handle construction contractors, design consultants, and supervision consultants who fail to meet the progress and quality standards as stipulated in the signed contracts, or those who do not cooperate well in completing the necessary documentation for payment and settlement as prescribed. The District People's Committee also directed the People's Committees of communes and towns to proactively balance and allocate annual commune-level budget capital plans to pay for completed work on projects managed by the communes, preventing the accumulation of additional completed work that has not yet been allocated capital; and to specifically determine the roadmap and solutions to definitively resolve the remaining capital shortfall. Based on the district's revenue sources, continue to allocate funds from the district budget for projects that are still lacking funding.

According to statistics, from 2021 to the present, Nhu Xuan district has mobilized over 1,187 billion VND for more than 300 projects, such as: upgrading and expanding the road from Thuong Ninh commune to Cat Tan commune with a total investment of 44.236 billion VND; upgrading National Highway 45 to Tan Binh commune with a total investment of 90 billion VND; and the road connecting Xuan Quy and Thanh Lam communes with over 157 billion VND... Currently, the percentage of paved roads in the district reaches 78.45% (excluding national and provincial roads). Through investment in transportation development, connections and goods circulation have been created between the district and localities within and outside the province, thereby creating momentum for the socio-economic development of the locality and improving the lives of the people.

In addition to focusing on developing transportation connectivity, and leveraging the advantage of having the Ho Chi Minh Highway running through it, the People's Committee of Nhu Xuan District has prioritized investing in the technical infrastructure of the Xuan Hoa and Thuong Ninh industrial clusters to attract manufacturing businesses. Furthermore, the People's Committee has focused on reviewing, supplementing, and submitting urban planning documents for approval to meet sustainable development requirements. Simultaneously, funding has been allocated for urban renovation, upgrading, and infrastructure improvements, including the electricity network and the healthcare and education sectors.

Comrade Nguyen Duc Dong, Chairman of the People's Committee of Nhu Xuan District, said: In order to meet the requirements of development, the People's Committee of Nhu Xuan District has drawn up a medium-term public investment plan for the period 2026-2030 with a total investment of 4,506 billion VND for 375 projects, of which the central government's capital is 1,275.625 billion VND; the provincial budget is 2,408.2 billion VND; and the district and commune budgets are 198.4 billion VND... To secure investment resources, Nhu Xuan District is making maximum use of the attention and support of central and provincial agencies, along with the efforts of the Party committee and government, to effectively implement public investment to promote socio-economic development, improve people's lives, and build Nhu Xuan into one of the leading districts in the mountainous region of Thanh Hoa province.

Text and photos: Minh Hieu

Source: https://baothanhhoa.vn/huy-dong-von-dau-tu-cong-nbsp-thuc-day-phat-trien-kinh-te-xa-hoi-232867.htm