Two projects at risk of delay, Ho Chi Minh City Chairman must intervene

At the regular socio -economic press conference in July 2024 of the Ho Chi Minh City People's Committee, Mr. Phan Van Mai, Chairman of the Ho Chi Minh City People's Committee, gave many instructions to complete the 2024 growth target of at least 7.5% and achieve the assigned budget target.

Mr. Phan Van Mai, Chairman of Ho Chi Minh City People's Committee, directed at the meeting. Photo: TTBC

In 2024, the public investment capital assigned to the Ho Chi Minh City People's Committee is VND 79,263 billion. As of July 26, Ho Chi Minh City has disbursed more than VND 11,800 billion , reaching 15% of the assigned capital.

Faced with this situation, Mr. Mai requested relevant agencies to focus on management to achieve budget revenue targets. In particular, the issue of public investment must be closely monitored, daily and weekly, to promptly resolve problems and ensure progress.

Mr. Mai cited that recently, two projects to renovate Xuyen Tam canal and the North bank of Doi canal were at risk of being behind schedule and had to be pushed to next year. Mr. Mai had directly registered to be in charge of these two projects. Up to now, the two projects have basically ensured progress and if focused, they can be disbursed within the year.

Regarding these two projects, Mr. Mai said that the cost of compensation for site clearance due to the application of the new law has increased to over 10,000 billion VND. Therefore, the operator must look into each specific project, specific problems, and then find a way to resolve them.

The leaders of the Ho Chi Minh City People's Committee asked investors to commit to monthly disbursement amounts. In the photo, the Rach Dia bridge project is being implemented well, expected to be completed by the end of 2024.

Regarding public investment, Mr. Mai suggested that investors must commit to monthly disbursement amounts, from now until the end of the year and January 2025.

"There are about 6 months left, on average 10,000 billion must be disbursed each month. The disbursement peak may be in the fourth quarter of 2024. If not closely monitored and monitored daily, the disbursement rate will not reach 95%," Mr. Mai emphasized and asked investors to focus, speed up construction progress, complete documents to disburse at each time and have a commitment to the monthly disbursement amount.

According to the report of the Ho Chi Minh City People's Committee, as of July 2024, the total disbursed state budget investment capital of the city was 11,511 billion VND, reaching 14.5% of the 2024 capital plan.

Source: https://www.baogiaothong.vn/hai-du-an-nguy-co-cham-chu-tich-tphcm-phai-ra-tay-192240801183640391.htm