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The Ninh Binh Provincial People’s Council has issued a resolution on the mid-term public investment plan for 2026-2030, allocating a total of 289.99287 trillion VND from local budget resources. The plan includes 29.144 trillion VND for capital construction investment, 258.23087 trillion VND from land-use fees, 0.800 trillion VND from lottery proceeds, and 1.818 trillion VND from the local budget deficit.
Under the plan, provincial-budget-managed capital totals 207.000 trillion VND, with the remainder implemented through the budgets of communes and wards.
The resolution is intended to convert the province’s five-year socio-economic development targets and the provincial party committee’s resolution into concrete public investment actions. The overarching goal is to make Ninh Bình a centrally administered city by 2030.
The plan emphasizes centralized, unified management of public investment, using public investment to attract private capital. It also calls for strengthening decentralization with strict oversight, reducing administrative procedures, and curbing waste. To address investment dispersion, the province will cut the number of projects by at least 30% compared with the 2021-2025 period.
It targets an average capital disbursement rate above 90% and completion of more than 90% of funded projects.
Budget allocation will follow an order of priority: first ensuring adequate funding for special and urgent projects, then national target programs and ongoing projects nearing completion, before moving to new start projects that meet required conditions.
Resources will be directed toward projects with broad spillover effects, including the coastal road; the connected road among the three central cities of Phu Ly – Hoa Lu – Nam Dinh; and completion of the Ninh Binh – Hai Phong expressway.
The province is also preparing land to implement the North-South high-speed rail and an airport, subject to approval.
Other priority areas include synchronized infrastructure investment for the Ninh Co Economic Zone and industrial zones, flood-resistant urban infrastructure, and climate change response. The plan also highlights the Nam Cao University campus and developing Hoa Lu University into a key educational institution.
Investment priorities further include primary healthcare, social housing, the cultural industry, and infrastructure for mountainous, ethnic minority, and coastal regions to narrow development gaps.
For detailed allocation, the resolution sets aside about 20.000 trillion VND, including 2.600 trillion VND for national target programs. Nearly 30.000 trillion VND is earmarked for provincial programs, covering debt repayment, charter capital for funds entrusted via the Social Policy Bank, and investment in industrial park infrastructure.
Some 6.000 trillion VND is allocated for land clearance for key projects, while 159.305 trillion VND is assigned directly to specific works and projects.
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