Promoting public investment disbursement

Actively accelerate project progress

In 2023, the total public investment capital plan of Thai Nguyen province is over VND 8,367 billion (including over VND 7,863 billion assigned by the Prime Minister and over VND 504 billion additionally assigned by the locality), allocated to 80 projects in sectors and fields managed by the province, of which 30 projects have a total investment of over VND 100 billion (including 12 key projects). The province has focused on allocating capital to speed up the progress of works and projects, especially key traffic works.

In order to speed up the progress of allocating and disbursing public investment capital, recently, Chairman of Thai Nguyen Provincial People's Committee Trinh Viet Hung signed a document requesting Chairmen of District and City People's Committees, based on legal provisions, to resolutely and synchronously implement the tasks and solutions set out in the Resolutions of the National Assembly , the Government, the direction of the Prime Minister, Directive No. 08/CT-TTg dated March 23, 2023, Official Dispatch No. 123/CD-TTg dated March 10, 2023 and Official Dispatch No. 238/CD-TTg dated April 10, 2023 of the Prime Minister, the direction of the Provincial People's Committee in Directive No. 07/CT-UBND dated April 14, 2023, to urgently allocate and disburse public investment capital in 2023 in accordance with regulations, by all means determined to complete 100% of the plan.

The Provincial Traffic Construction Investment Project Management Board (QLDAGT) was assigned the largest amount of capital with 13 projects, with a total capital of more than 1,200 billion VND. Of the 13 projects, there are 2 key projects that have been transferred and are under construction, including: The connecting route connecting Thai Nguyen - Bac Giang - Vinh Phuc provinces and the V Ring Road through Thai Nguyen province (the section from Phu Binh district connecting to Bac Giang province). However, the assessment of the unit's capital disbursement process so far is still slow, the reasons are pointed out as slow site clearance, shortage of supply of earth filling materials, unfavorable weather...

To overcome this situation, in the last months of the year, the GTDP Management Board will focus on implementing many solutions to remove difficulties and obstacles, speed up disbursement progress, and ensure 100% disbursement of the assigned capital plan as planned.

Mr. Ngo Manh Cuong, Director of the Provincial Traffic Project Management Board, said: "When many projects switch to constructing high-value items, less affected by weather and solve the problem of the supply of earth filling materials, it will help speed up the disbursement and construction progress, ensuring the disbursement of all allocated capital". Up to now, a number of projects invested by the Provincial Traffic Project Management Board have been completed and handed over for use, including: Renovation and upgrading of Provincial Road 261, section from Km1+00 to Km20+00; Upgrading Cu Van - An Khanh - Phuc Ha road; Upgrading Hoa Thuong - Hoa Binh road to Provincial Road 273; New National Highway 3 Hanoi - Thai Nguyen service road, section from Yen Binh Industrial Park to Provincial Road 266 (Diem Thuy Industrial Park); Ring Road V of the Hanoi Capital Region (section coinciding with the East - West Avenue, Yen Binh Industrial Park and Cau River overpass).

Particularly for the project of connecting roads between Thai Nguyen - Bac Giang - Vinh Phuc provinces, up to now, the Provincial Traffic Project Management Board and construction contractors have received the handover of over 180/219 hectares of land for construction. The completed volume is estimated at about 35% of the total work volume of the entire project, the disbursement of the capital plan in 2023 is estimated at nearly 20%...

To effectively carry out the work of disbursing public investment capital, in the last months of the year, the GTDP Management Board continues to deploy key tasks and solutions to promote the allocation and disbursement of public investment capital, resolutely implement the work of deploying, constructing, and accepting the volume of works, and urgently complete documents and payment procedures for completed projects.

Improve the efficiency of public investment capital

Thai Nguyen province will cut down on provisions for projects that are preparing for investment due to not implementing the Song Cong II Industrial Park Infrastructure Construction Project, Phase 2. Accordingly, Thai Nguyen province plans to adjust and supplement capital for basic construction focusing on reducing the capital plan by VND 261,437,359 million, including: 25 projects that have approved final settlement, projects that are completing documents for final settlement approval; 11 projects that no longer need capital allocation; 3 projects that will not continue to invest; 1 project that will adjust and reduce the total investment structure.

According to the Economic - Budget Committee of the Provincial People's Council, the adjustment and supplementation of public investment capital is really necessary and urgent, ensuring compliance with the law, especially for many projects allocated capital in 2023 that cannot be disbursed due to problems with site clearance, land sources, and landfills, leading to low disbursement rates, not ensuring planned targets to supplement capital for completed projects, important and key projects in sectors and fields, and support localities to invest in dynamic projects with wide spread and great impact on local economic development to complete the goals. In addition, the province is also monitoring information on new policy mechanisms from the central government allowing the use of some current financial funds with large balances for public investment spending, in order to promote the effectiveness of budget capital. Thai Nguyen has proactively developed a public investment spending scenario, that is, preparing projects to receive large capital sources when the central government officially issues this new mechanism.

With the determination to prevent slow disbursement in the province, strictly implementing the directions of the Government and the guidance of the Ministry of Finance, the People's Committee of Thai Nguyen province has directed the Department of Finance, the Department of Planning and Investment, the Thai Nguyen State Treasury and related units to coordinate to organize and implement well and strictly comply with discipline and order in budget management and operation. At the same time, the People's Committee of Thai Nguyen province also directed departments, branches, localities, investors, and project management boards to be proactive, active and determined in construction, acceptance of the implemented volume, promptly complete documents and procedures to send to the Thai Nguyen State Treasury (KBNN) for control and payment of capital to speed up the disbursement progress.

Accordingly, for projects that have been approved by competent authorities for project completion settlement, projects with capital plans to recover advanced capital, projects completed and handed over for use before December 31, 2022, are allocated a public investment capital plan for 2023, urgently completing documents for early disbursement.

In addition, the People's Committee of Thai Nguyen province also requested departments, branches, and districts to speed up the progress of site clearance compensation, select contractors, and complete documents to submit to competent authorities for approval for new projects starting in 2023./.

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