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Public investments: State keen on reducing project extra costs.

Summary: Finance Ministry will work to improve maturation of surveys on public investment projects in order to reduce extra costs and intends to ensure monitoring of public investment projects, Finance Minister Karim Djoudi said Tuesday in Algiers.

Finance Ministry will work to improve maturation of surveys on public investment projects in order to reduce extra costs and intends to ensure monitoring of public investment projects, Finance Minister Karim Djoudi said Tuesday in Algiers. The cabinet has adopted a public investment plan budgeted at US $286billion over the period 2010-214. "We will effectively work to achieve better maturation surveys of projects," he said on the sidelines of Nation Council's plenary session. The costs of several public investment projects falling as part of the previous five-year plan increased due to lack of maturation studies. The National Fund of Equipment for Development (CNED), which mission consists on accompanying the bodies in charge of achieving large-scale projects, had signalled several shortcomings in the completion of such projects, due to non control of costs, inappropriate sites and slowness of works pace, causing delays in delivery and re-estimation of costs.

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Publication:UMCI News (Potomac Falls, VA)
Date:May 26, 2010
Words:195
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