Local Government Management Of Public Investment Projects

In recent years, in response to the international financial crisis, the State Department has taken to increase the fixed asset investment to stimulate economic development strategy. Local governments in China the number of public investment projects, investment in large scale growth, the composition of the sources of funds are also increasingly complex, due to relevant laws and regulations are still inadequate, insufficient monitoring in place, some local governments, public investment projects, and there is a big flaw vulnerability, which makes the management of public investment, public project evaluation and more attention. Learn from market economies to strengthen regulatory experience in government investment for local governments to strengthen and improve our investment regulation, is of great significance. In this paper, the status quo management of government investment projects as the background for the management of government investment in a number of problems, from a legal and institutional level, a careful analysis of problems in the construction of deep-seated reasons for the Asian Games in Guangzhou the same time trying to regulatory aspects of investment projects, some innovative useful to explore initiatives and proposed projects for public investment management recommendations for improvement, highly relevant and practical significance. Paper first describes the meaning of government investment projects, features, and to clarify the purpose of this study, methods, in-depth analysis of the status of government investment and project management of the main problems, and learn from the government on the basis of investment management experience, Guangzhou Asian Games project management experience combined with the reform program and proposed measures, namely:to establish the Independent Commission Against risk prevention and control mechanisms of early warning, pre-qualified suppliers recruit regulatory mechanisms, audit and supervision mechanisms to enforce such innovative initiatives to strengthen the whole process of government investment projects regulation; the government set up the project pre-construction department at the establishment of investment projects, preparing project library, the maximum to avoid the temporary decision to finish the work of construction and so on; government investment projects in the construction contract on behalf of the whole process of setting up the review involved the terms of the whole process of project implementation supervision, effectively avoid the phenomenon of super-budget; improve the government's investment management laws and regulations, management of government investment should legalize, regulate the decision-making behavior, to avoid arbitrary decision-making, free to change the project planning and design and so on.