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Phu Tho prioritizes capital for key construction projects

Thursday, 2018-05-10 14:18:17
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The project of Thuy Van - Thanh Dinh - Chu Hoa street is focused on being built to meet the socio-economic development requirements of Viet Tri city and neighboring areas.

PTO- With the aim of supporting the highest resources for development investment, Phu Tho province has focused on mobilizing resources and maximizing capital for effective implementation of the breakthrough in key socio-economic infrastructure, significantly contributing to creating a new appearance of infrastructure and improving the quality of local people's life.

After more than two months of construction, the Dai Nai route upgrading project in Viet Tri city has officially completed, serving the people and visitors in the occasion of 2018 Hung Kings Temple festival. This is one of the routes with with large traffic flow of the city but being severely degraded for many years. The investment to upgrade this route has met the local people's aspirations.

Also in Viet Tri city, taking advantage of favorable weather, contractors of Viet Tri - Ba Vi bridge project have mobilized human resources and machinery to accelerate construction progress, striving to complete the work on schedule and putting it into use on the occasion of the National Independent Day - September 2nd.

According to Director of Planning and Investment Department of Phu Tho province Ho Dai Dung, since 2016, the province has focused on speeding up the construction progress of key traffic works, which connect the transport modes and economic centers. In 2017, the provincial People's Committee has directed all levels and branches in the province to tackle obstacles and accelerate the progress of key projects in the province. Total investment capital for development of the whole society is estimated at VND23,657 billion, up by 13.2% over the same period, including VND3,710 billion has been allocated for public investment. In 2018, the total investment capital for public investment is VND2,852.95 billion, the value of disbursement by the end of the first quarter is about VND631 billion, reaching by 22% of the plan.


The project of route connecting National Highway No. 32 and No.70 has being speeded up, creating conditions to bring into full play the potentiality to develope the large tourist areas and industrial zones in the province and promoting the socio-economic development of districts of Thanh Thuy, Tam Nong, Thanh Son, ensuring defense and security of the country and in the region.

Now, the province is strongly and drastically focusing on the ground clearance, speeding up the implementation of some key projects, infrastructure projects of industrial parks and industrial clusters to attract investment such as IC11 intersection of Noi Bai - Lao Cai Highway connecting to National Route No. 70B in Vo Tranh commune, Ha Hoa district; Nguyen Tat Thanh section from the intersection of National Route No. 2 to the Hung Kings Temple historical relic site; route connecting National Route No. 32 and National Route 70 through districts of Tam Nong, Thanh Thuy, Thanh Son; building essential infrastructure of Tram Than solid waste treatment area in Phu Ninh district; the public administration and smart urban management center; completing the S2 route project in Thuy Van industrial zone.

According to Vice Chairman of the provincial People's Committee Hoang Cong Thuy, due to the limited capital for public investment, the Committee has directed all levels and sectors to study and propose for investment in socio-economic infrastructure projects in accordance with the public-private partnership (PPP) model, then achieving initial results. The work of allocating the basic construction investment capital, especially critical and urgent works and projects, has actively and flexibly implemented, timely meeting the demand and development orientation of the province.

In 2018, the public investment plan has been formulated on the basis of restructuring the investment source from the State budget in the direction of focusing, overcoming the dispersing investment and improving investment efficiency. Basing on the allocated resources, the provincial People's Committees has directed investors and project owners to mobilize and integrate investment capital sources, ensuring the efficient and economical use of capital sources, overcoming the state of dispersing investment.

ODA loans and preferential loans from foreign donors, the State's development investment credit loans of and other State's loans must be used efficiently, actively making plans to pay and disburse to carry out construction works on schedule according to the signed agreements.

Dinh Vu