Lam Dong proposes to extend the project, transferring 670 billion VND of transportation capital to 2024

On February 27, Lam Dong Provincial People's Committee proposed that the Ministry of Planning and Investment and the Ministry of Finance consider extending the implementation period and disbursement of the 2023 central budget capital for projects in Lam Dong province to 2024.

The total proposed capital for extending the implementation and disbursement period is up to 1,337 billion VND from the central budget supplementing programs with domestic capital targets, allocated to 10 projects.

Lâm Đồng đề xuất kéo dài dự án, chuyển 670 tỷ đồng vốn giao thông sang năm 2024- Ảnh 1. — Tan Phu ( Dong Nai ) - Bao Loc (Lam Dong) expressway project will start construction in 2024

In the transport sector alone, Lam Dong province also proposed transferring over 670 billion VND to be implemented in 2024.

These projects include: Tan Phu (Dong Nai) - Bao Loc (Lam Dong) expressway project with a total capital transfer of 400 billion VND; Construction project of DT729 connecting Lam Dong with Binh Thuan and DT722 connecting Lam Dong with Dak Lak with a total capital transfer of nearly 192 billion VND; Investment project of 5 weak bridges in the districts: Cat Tien, Da Teh, Duc Trong, Lam Ha...

Most noteworthy is the Tan Phu - Bao Loc Expressway Investment Project under the PPP public-private partnership method, in which the investor carries out all the main work in investment preparation, so the Provincial Traffic Project Management Board is passive in the implementation process, as well as urging the investor to carry out related work.

Some projects passing through forested land areas must carry out procedures to convert forest use to other purposes, which takes a long time and is prolonged.

According to Lam Dong Provincial People's Committee, the total proposed capital of 1,337 billion VND from the central budget supplemented with programs targeting domestic capital, is allocated to 10 projects.

Specifically, in the agricultural sector, two projects with a total capital of over 666 billion VND must be transferred. That is the Dong Thanh Reservoir project, which proposed over 156 billion VND; the Ta Hoet Reservoir project, which proposed over 510 billion VND to be extended to 2024.

The reason is that in 2023, the investors have paid attention to land recovery and proactively mobilized people to hand over the construction site, but there are still some households that do not agree with the approved plan, so the support, compensation, and site clearance have been prolonged...

In addition, heavy rain and landslides (Dong Thanh reservoir project) affected the construction progress and disbursement of the planned capital.

Regarding the central budget (foreign capital), the 2023 plan of Lam Dong province is allocated 150 billion VND for the Infrastructure Improvement Project to develop agriculture. However, due to the failure to implement it, Lam Dong province did not propose to extend it but requested to cancel the 2023 budget.

To continue implementing and completing public investment projects using central budget capital, Lam Dong Provincial People's Committee has reviewed and proposed the Ministry of Planning and Investment and the Ministry of Finance to consider extending the implementation period and disbursement of central budget capital in 2023 to 2024.

After receiving permission from the Central Government to extend the implementation period and disbursement of capital for projects to 2024, Lam Dong province pledged to urge and direct relevant units to urgently implement the projects, ensuring the disbursement of all extended capital within the prescribed time.

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