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INVESTMENTON-GOING PROJECTS

Hanoi makes effort to complete mid-term public investment plan and projects

Updated at Friday, 04 Aug 2017, 16:08
The Hanoitimes - Hanoi People’s Committee issued Official Letter 3620/UBND-KH&DT, requesting city’s departments, agencies, sectors, People’s Committees of districts, suburban districts and towns to complete mid-term public investment plans and projects started in 2017-2020 period.
Accordingly, for projects at city level which are not approved in principle, city’s departments, agencies, sectors, People’s Committees of districts, suburban districts and towns are asked to prepare the projects and submit them for consideration and approval. If the projects do not meet requirements by deadline, they will be moved out of the list.


For projects funded by the city, standing members of the People’s Councils and People’s Committees of suburban districts and towns are urged to complete investment procedures which are approved by the Municipal People’s Council under Resolution 02/NQ-HDND dated July 3, 2017, and submit the projects to the Authority of Plan and Investment (agency in charge of summarizing mid-term public investment plan), so that the latter will sum up dossiers and report to the Municipal People’s Committee. The Committee will submit them to the People’s Municipal People’s Council to ask for approval for mid-term public investment plan for the 2016-2020 period.

People’s Committees of suburban districts and towns review and add projects using suburban districts’ budget to the mid-term public investment plan and annual public investment plan of the suburban districts (the projects are in list of projects receiving support from city budget, which is approved by the Municipal People’s Council under Resolution 02/NQ-HDND dated July 3, 2017). The People’s Committees submit them to People’s Council of the same level for amending suburban district level mid-term public investment plan in the 2016-2020 period and plan in 2017 according to Law on Public Investment and instruction of the city.      
 
The Authority of Plan and Investment urges People’s Committees of suburban districts and towns to complete investment procedures of projects receiving city’s financial support, check dossiers that satisfy requirements, and report to the Municipal People’s Committee, so that the latter submit them to the People’s Council for consideration and approval for city’s mid-term public investment plan for the 2016-2020 period.


 
Proposals on investment in the public investment projects for 2017-2020 period must be prepared according to schedule required by the Municipal People’s Council and instruction of the People’s Committee under Announcement 669/TB-UBND dated July 3, 2017; after August 31, the Municipal People’s Committee will not consider any proposals. Investment in principle must be approved by October 31. The investment project must be completed by October 31.

For projects receiving aid from city’s budget, People’s Committees of suburban districts and towns review and complete investment procedures as aforementioned, and send dossiers to the Authority of Plan and Investment.

For development and summarization of the projects newly started in the 2017-2020 period of districts, suburban districts and towns, standing members of People’s Councils and People’s Committees of the districts, suburban districts and towns check and prepare the list of projects newly started in the 2017-2020 period in accordance with their capacity to balance investment sources, arrange the projects in priority order, and start the new projects if capital construction debts are paid. People’s Councils of the same level consider and decide the list of projects newly started in 2017-2020 period, make a list of on-going investment projects that lack capital for the 2017-2020 period, and suggest measures to handle them.
Nguyen Ngan
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