With the aim to promote the strength on the key economic fields such as industry, services and seaports, in 3 years from 2013 to 2015, Ba Ria-Vung Tau province will prioritize funds for infrastructure projects. This investment is aimed at removing problems on road traffic that the port system is encountering.
Determining the importance of improving the infrastructure system for socio- economic development, and live of local people, in 2012, the province continue injected nearly VND3,200 billion for 75 projects. According to the Department of Planning and Investment, to the end of June, the workload of implemented projects reached VND1,684 billion (56% of the plan).
In the period 2013-2015, the province will focus investment capital for infrastructure projects for port system such as Cai Mep-Thi Vai, industrial zones, tourism projects... Furthermore, funds shall be prioritized for urgent projects in the fields of environment, infrastructure projects at the communes deploying programs of new rural construction. Accordingly, the investment capital for development in the province during this period is estimated at around VND105, 272 billion, of which local budget is VND12,000 billion, Government bonds is VND1330 billion, investment funds of domestic and foreign enterprises are VND83 500 billion.
Particularly for projects using capital from the central budget, the province will give priority as the following order: socio-economic development programs for areas, reinforce and upgrade dike system , build storm shelters for boats, the Southeast sea – islands program, forest protection and development program, upgrade and newly build freshwater reservoirs and irrigation system on populated islands, projects for restoring Con Dao prison, historical monuments, investment projects for Con Dao. The total required capital for national target programs is estimated at VND3,737 billion.
On the basis of planning objectives set out above, the provincial People"s Committee has proposed the Ministry of Planning and Investment, Ministry of Finance to consider the fund allocation for the 3-year plan (2013-2015) so that the province can have enough resources to execute economic development and ensure social security in the area.
What is more, the province also proposed to consider the targeted transfer of VND200 billion from the Central budget for road and bridge project from Go Gang to Long Son in the 2013 plan; allocate additional capital of more than VND1157 billion for the Cai Mep-Thi Vai inter-port road project to have enough capital for construction, early complete and put the project into use, serve the target for investment promotion of port system and industrial zones in the area.