Phu Quoc is "poured" with more than 20,100 billion VND to prepare for APEC 2027 Conference

With a total investment capital of more than 20,100 billion VND, this is considered one of the largest public investments ever for Phu Quoc.

A corner of Phu Quoc City, Kien Giang Province. Photo: PHUONG VU

According to the decision, the central budget will support 70% of the total investment capital for key public projects serving APEC 2027. The remaining part will be balanced and proactively arranged by the local budget, with the requirement not lower than the capital for site clearance.

Projects prioritized for capital injection include: freshwater reservoir system (Cua Can Lake, Duong Dong Lake) with a total capital of nearly 4,000 billion VND; APEC Conference Center with a scale of 57 hectares, capital of about 1,400 billion VND; urban metro line section 1 (from Phu Quoc airport to the Conference Center and DT.973) is more than 20km long, with a total investment capital in the form of PPP up to 9,000 billion VND.

Along with that is the project to expand provincial road 975 (20km long, 60m wide), with a total investment of about 2,500 billion VND; and the project to renovate the urban area, digital transformation, and build a smart city with a total capital of more than 1,400 billion VND.

A special project is APEC Avenue - a vital road about 3km long, 68m wide, expected to become a connecting symbol of the island city. This project has a total investment of over 1,800 billion VND, of which the central budget supports 50%, the rest is implemented by the locality and investors.

The specific level of central support capital for each project will be based on the total approved investment level, in accordance with the provisions of the Law on Public Investment , the state budget and related documents.

To ensure progress, the Prime Minister has allowed the application of a number of special mechanisms and simplified procedures, including the mechanism for licensing the exploitation of sea sand mines for the leveling of the conference center and related items. This exploitation is applied according to the provisions of the Law on Geology and Minerals, with the requirement of strict control of actual volume and accompanying financial obligations.

The People's Committee of Kien Giang province is empowered to proactively review and decide on urgent public investment projects, select investors in special forms, and organize shortened bidding in necessary cases to ensure progress.

The Government requires Kien Giang province to take full responsibility for selecting and implementing the project. The implementation must ensure the principles: progress - quality - efficiency. At the same time, there must be no negativity, loss, corruption, vested interests or waste. The projects must be linked to the sustainable development strategy, protect the natural landscape and not affect national defense and security.

Relevant ministries and sectors, especially Finance, Construction, Agriculture and Environment, are responsible for closely coordinating with Kien Giang province. The Ministry of Finance will take the lead in allocating capital from the central budget; the Ministry of Construction and ACV will coordinate in handing over assets, speeding up investment procedures to expand Phu Quoc International Airport; the Ministry of Agriculture and Environment will guide procedures on converting forest land and exploiting minerals to serve the projects.

The Prime Minister also requested ministries and branches to quickly resolve administrative procedures, promptly remove obstacles, and ensure that projects serving APEC 2027 are implemented according to goals and plans.

THANH NHON

Source: https://www.sggp.org.vn/phu-quoc-duoc-rot-hon-20100-ty-dong-chuan-bi-hoi-nghi-apec-2027-post795955.html