Hai Phong disburses nearly 9,500 billion in public investment capital

As of October 20, Hai Phong disbursed VND9,447.348 billion, an increase of more than VND1,000 billion compared to the previous month.

In 2024, the Prime Minister assigned Hai Phong to disburse more than VND 17,000 billion in public investment capital, while the City People's Council assigned to disburse more than VND 19,000 billion. Thus, the disbursement rate only reached 56% of the plan assigned by the Prime Minister, equal to 47.3% of the plan assigned by the city.

Hai Phong City People's Council assessed that the city's public investment disbursement rate in the first 9 months of 2024 is still limited, lower than the planned progress. The main reason for the slow progress in public investment disbursement is that site clearance has not kept up with the progress.

The new political and administrative center of Hai Phong City is under construction. Photo: Trong Tung

In addition, the disbursement of public investment capital has not met requirements, which is also related to the speed of land use fee collection in some localities; capital allocation and investment procedures are prolonged...

To speed up the disbursement of public investment capital in the city in the last 3 months of the year, striving to achieve at least 95% of the city's plan, the Standing Committee of the Hai Phong City People's Council requested the City People's Committee to direct departments, localities, and units to promptly and synchronously deploy solutions.

Accordingly, regarding site clearance, it is necessary to urgently review, develop and submit to the City People's Council for approval the 5-year land price list for 2024-2029 according to the provisions of the 2024 Land Law, ensuring compliance with principles, close to reality, transparency, and creating high consensus among people whose land is recovered to speed up the site clearance progress for project construction.

When establishing investment policies for projects, units must establish a scientific and realistic compensation and site clearance plan to avoid the situation of allocating higher public investment capital than actual implementation, and site clearance costs being much higher than actual.

Regarding the allocation of public investment capital, it is necessary to ensure the correct implementation progress and disbursement capacity of the projects; Only allocate capital for projects that can be disbursed according to the plan and schedule, avoiding the situation of allocating capital to projects that do not have sufficient disbursement capacity.

For projects that have allocated capital but are unable to disburse, promptly adjust other projects to ensure disbursement in 2024.

At the same time, the Standing Committee of the Hai Phong City People's Council requested the City People's Committee to direct the relevant agencies to speed up the implementation of investment preparation procedures, investment and project implementation, and promptly carry out site clearance for construction of projects that are eligible for implementation to speed up the disbursement progress for the projects.

Assign the People's Council's committees to regularly monitor and track the disbursement of public investment capital by investors, promptly report and propose to the Standing Committee of the City People's Council to resolve difficulties and problems.

Trong Tung

Source: https://vietnamnet.vn/hai-phong-giai-ngan-gan-9-500-ty-von-dau-tu-cong-2340042.html