The construction of New Minister of Finance Building will aim to integrate the various units and offices of the Ministry that are currently located in the different parts of the city. It is also designed to provide suitable facilities and wokspaces to the Executive Offices of the Minister, the Vice Minister, and all its Directorate Generals.
When completed, it is expected that the new MoF building will result to faster and efficient coordination of work and functions among its various units and entities. This project is also expected to result in the effective delivery of its services to the line ministries, other State entities and the general public.
The Ministry of Finance is the central body of the Govemrnent responsible for drafting, executing, coordinating and assessing the policies defined and approved by the Council of Ministers, in the areas of annual planning and monitoring, budget and finance.
The project was identified as a need by the Ministry of Finance. The description of construction works consist of seven (7) general scope of works namely, Civil Structure, Architecture, Mechanical, Plumbing and Electrical Works. Meanwhile, supervision works including management, monitoring, controlling, evaluation, and reporting will be undertaken by the Consultant firms.
lf this project will be implemented, it will provide significant improvement and will facilitate MoF’s activities through the provision of suitable and well-conditioned workspace for the Ministry officers and functionaries. lt will also allow effective management support to the different financial activities and services to the Government of Timor-Leste.
Primary beneficiaries will be the officers and functionaries of the Ministry of Finance. Indirectly, the project will benefit the public of the MoF, namely the line ministries and state entities and the public in general.
The MoF is responsible for the public financial management of the country. At this current juncture where the country’s economy is growing and its annual budget is on increment, the need for a new MoF building is imperative. The new MoF building will ensure the attainment of maximum productivity within the Ministry and will also safeguard the nation’s financial and statistical data. The financial and statistical data is essential in providing sound analysis on the economic statistics including poverty indices and other related studies on the country.
The new MoF building will also symbolize the progress and development that the country has achieved at this stage. Given its design, it will also provide a symbol of what the fixture holds for the country.
The project is aligned with 2011 NP 6 (Good Govemance). When completed, the project will contribute in further enhancing financial transparency and accountability, and smoother coordination with line ministries and State bodies, including other development stakeholders.
The success ofthe SDP implementation is directly linked to the performance capacity of the MoF. Analysis has been done which is reflected in the MoF Strategic Plan (SP) where it clearly shows the kind of skills and functional competencies required in the MoF to enable it to discharge its duties as required by the SDP. There is a need to get professional and qualified accountants, economists, financial analysts, commercial lawyers, statisticians, investment bankers among others, to fulfill the tasks required by the MoF, to support SDP implementation. This means, MoF will require working space which will facilitate close coordination amongst all these officers. In addition, MoF also trains the financial people from line ministries, thus, the inclusion of a Training Center in the proposed new MoF building.
The New Ministry of Finance Office Building is expected to be constructed on available land area of around 20,516 m2 which has a rectangular shape, and the following measurements: 223 m at north boundary, 94 m at east boundary, 217 m south boundary and 90 m at west boundary. The building was designed as a Green-Ship Building with Golden Category as well as the First Iconic Building in the Country. The will have 10 storeys and supported facilities totaling a gross area of 14,060 square meters.
The New Ministry of Finance Office Building will be located at the suburb of Aitarac Laran, Kampung Alor, Dom Aleixo Sub District of Dili District. The site has the following boundaries: at the north side with the Embassy of Australia and UNMIT Facilities, at the east with local residents and at the south with the future building of the National Library. The plot is partially occupied by some local residents and ware spinaches gardens. The current area is backfilled with river run material but the existing condition consist of various layers of soil such as back fill granular material, soft clay, peat, compacted clayed sand, compacted sand and hard sand. The land area allocated for the projects is approximately 20,516 m2.