What key infrastructure projects will be invested in?

On the afternoon of November 22, the People's Committee of Quang Ngai province held a meeting to give opinions on the capital source for implementation and consider approving the project to upgrade and expand the traffic infrastructure system in Dung Quat Economic Zone.

According to the report of Dung Quat Economic Zone Management Board and Quang Ngai Industrial Parks, the current status of traffic infrastructure in the area has been invested in for many years, and after a long period of exploitation, it has seriously degraded, so the allocation of investment capital to invest, renovate, upgrade existing infrastructure and invest in new projects is very necessary.

Previously, the People's Council of Quang Ngai province approved the investment policy of the project to upgrade and expand the traffic infrastructure system in Dung Quat Economic Zone with a total investment of 350 billion VND, with the Management Board as the investor, implementation period 2024-2027.

Representatives of Dung Quat Economic Zone Management Board and Quang Ngai Industrial Parks said that investment in transport infrastructure projects will focus on key, breakthrough projects, creating a premise for development.

Specifically, upgrading, expanding and investing in new routes such as Tri Binh - Thien Dang roundabout (about 3.4km long); Thien Dang roundabout - Chu Lai (about 1.8km long); National Highway 1A - Tinh Phong - Binh Tan connecting route, phase 1 (about 1.5km long); Lam Vien - Van Tuong route (new investment in the last section of the route, about 1.1km long).

It is noted that most of the traffic projects that are about to be invested are located in strategic locations, connecting with areas already included in the 1/2000 planning of Dung Quat Economic Zone with many industrial and urban projects that have been and are about to be implemented. These are traffic projects that are shaping, increasing connectivity with existing routes.

It is known that the project to upgrade traffic infrastructure in Dung Quat Economic Zone has been assigned by the competent authority of Quang Ngai province to plan the medium-term public investment for the period 2022-2025 from the local budget of 100 billion VND. The remaining capital of the project will continue to be arranged in the province's medium-term public investment plan for the period 2026-2030.

Focus on implementation and completion to create momentum to attract investment

The fact that Quang Ngai province issued a resolution allocating up to 350 billion VND in capital to invest in and upgrade traffic infrastructure in Dung Quat Economic Zone is an indication that the province is gradually concretizing the general plan for the construction of Dung Quat Economic Zone until 2045 approved by the Prime Minister.

The goal is to turn this economic zone into a "magnet" in attracting investment and a driving force for the province's development.

At the meeting, representatives of Dung Quat Economic Zone Management Board and Quang Ngai Industrial Parks said that although the project has been approved for implementation, according to the plan, the project will be submitted to competent authorities for capital allocation to start construction in 2025 according to the assigned medium-term plan.

However, the project has only been assigned a medium-term plan but has not been approved for investment by the competent authority, so it only meets one of the two conditions for annual capital allocation as prescribed in Article 53 of the 2019 Law on Public Investment.

To be eligible to submit to the competent authority to assign the 2025 capital plan, the Management Board recommends that the Provincial People's Committee consider and approve the project investment to ensure the conditions for assigning the 2025 capital plan according to regulations.

Vice Chairman of Quang Ngai Provincial People's Committee Tran Phuoc Hien emphasized: "The project to upgrade and expand the traffic infrastructure system in Dung Quat Economic Zone is of great significance, aiming to gradually complete the infrastructure system of traffic routes and technical infrastructure according to the planning, ensuring smooth connection in Dung Quat Economic Zone and surrounding areas.

Once formed, it will promptly meet the needs of transporting goods, supplies, materials and production and business activities of enterprises in the area. Create favorable conditions for attracting investment, developing the economy - society; ensure national defense - security, traffic safety for people in the area".

Therefore, Dung Quat Economic Zone Management Board and provincial industrial parks, as investors, need to actively coordinate with relevant departments, branches and localities to review and focus on investing in the construction of urgent projects in order of priority.

Focus on site clearance work, not to affect the project implementation progress. Ensure resources to complete the project on time and ensure quality.