Increased investment capital by nearly 59.8 billion VND for the project of the inner-city road west of Prao town

Mr. Nguyen Duc - Head of the Economic - Budget Committee of the Provincial People's Council spoke about adjusting the investment policy for the project of the Western Inner-City Road of Prao town at the 25th Session of the 10th Provincial People's Council. Photo: TAM CA

This project was approved by the Provincial People's Council on July 15, 2020, and adjusted on July 20, 2022. The total investment of the project (adjusted) is nearly 184.3 billion VND (provincial budget 162 billion VND and district budget nearly 22.3 billion VND), implemented from 2021 - 2024.

According to the review of the Economic - Budget Committee of the Provincial People's Council, the project has completed 90% of the contract value. However, during the implementation process, many landslides appeared on the route due to the influence of unusual weather, prolonged rain and floods destroyed the slopes at some locations, causing landslides to the roadbed.

The project needs to add some items to ensure safety, increase stability, prevent landslide risks, be suitable for reality and promote investment efficiency.

The Resolution on adjusting the investment policy of the Western Urban Road Project of Prao Town, dated August 14, 2024 of the Provincial People's Council at the 25th Session, adjusted and supplemented a number of investment items, increasing nearly 59.8 billion VND of investment capital for the project.

This includes about 4 billion VND in compensation and site clearance costs for the road section with broken negative slopes, positive slopes, and landslides and slides that encroached beyond the approved site clearance area.

The total investment of the project has been adjusted according to this resolution to more than 244 billion VND (the provincial budget is nearly 215.8 billion VND, an increase of nearly 53.8 billion VND and the district budget is more than 28.2 billion VND, an increase of nearly 6 billion VND). The project implementation period has also been extended, from 2021 to 2026.

According to Mr. Nguyen Duc - Head of the Economic - Budget Committee of the Provincial People's Council, the adjustment and supplementation are necessary to ensure long-term stability and promote the investment efficiency of the project. The ability to balance capital sources for project implementation has been assessed by specialized agencies and the People's Committee of Dong Giang district.

After the Provincial People's Council decides to adjust the investment policy, the Provincial People's Committee will direct the investor to closely coordinate with relevant agencies in the process of implementing the project adjustment dossier and procedures, ensuring quality, efficiency and savings. At the same time, direct to strengthen inspection and supervision during the implementation process, ensuring the project is implemented in accordance with legal regulations.

Source: https://baoquangnam.vn/tang-them-gan-59-8-ty-dong-von-dau-tu-cho-du-an-duong-noi-thi-phia-tay-thi-tran-prao-3139642.html