Khanh Hoa determined to eliminate the "request-grant mechanism" in public investment

Khanh Hoa province determined to ensure publicity, transparency, objectivity, and resolutely eliminate the "request-grant mechanism" in public investment in the 2026-2030 period.

Khanh Hoa Provincial People's Committee has just oriented the medium-term public investment for the period 2026 - 2030. Accordingly, Khanh Hoa province will restructure public investment in the direction of focused and key investment; not spending on projects and works whose socio -economic efficiency has not been clarified; focusing on tasks, programs, and projects in priority sectors and fields; urgent and effective projects and works that create spillover effects...

Khanh Hoa province will allocate investment capital to synchronously connect the traffic system with economic zones and industrial parks in the province; harmoniously develop the socio-economic infrastructure system, infrastructure connecting means of transport and logistics.

Khanh Hoa province identifies public investment as the leading factor to attract maximum resources from other economic sectors to participate in socio-economic development goals, especially investment in infrastructure development in the province.

The province aims to reduce the total number of local budget projects by 25-30% in the 2020-2025 term; comply with the capital allocation order according to the law and the direction of the Provincial Party Committee and the Standing Committee; ensure publicity, transparency, objectivity, and resolutely eliminate the "request-grant mechanism".

Khanh Hoa province's viewpoint is to determine the list of public investment projects by industry and sector that must closely follow the Provincial Party Committee's Resolution on double-digit economic growth, focus resources on strategic projects, create fundamental changes in infrastructure, develop economic space and improve the province's competitiveness; emphasize the need to innovate investment thinking; only prioritize projects that are truly effective, have spillover effects, create positive cash flow, and contribute to sustainable socio-economic development...

Source: https://baodautu.vn/khanh-hoa-kien-quyet-xoa-bo-co-che-xin-cho-trong-dau-tu-cong-d396954.html