Many public investment projects in Ho Chi Minh City have increased capital by thousands of billions of dong.

On the afternoon of June 15, the Ho Chi Minh City People's Council had a meeting to supervise the City People's Committee on the implementation of public investment work in Ho Chi Minh City, period 2021-2025.

Acknowledging the results achieved by the City People's Committee in implementing public investment, contributing to promoting the city's socio -economic development. However, according to delegates in the monitoring delegation, public investment in recent times also has some limitations that need to be overcome.

According to delegate Tran Van Bay, Deputy Director of the Department of Natural Resources and Environment, the biggest limitation affecting low public investment and limited public investment disbursement comes from compensation and site clearance (GPMB).

Mr. Tran Van Bay spoke at the supervision session

In particular, the work of assessing compensation prices has many shortcomings. According to Mr. Bay, currently the number of enterprises with consulting and price appraisal functions is very large, but in reality, the number of units with the capacity and conditions to advise and assess prices can be counted "on the fingers", and there is even a situation where it is easy to do it but difficult to do it, they refuse.

There are many cases where consulting units cannot be hired, causing deadlock in compensation and site clearance work.

Mr. Bay acknowledged that this is the responsibility of the Department of Natural Resources and Environment, but other departments and branches must also have a solution to this problem because the deadlock in the consulting and price appraisal stages will cause subsequent activities to stagnate...

Many delegates also said that compensation and site clearance are the weakest links, and asked the City People's Committee to find solutions to overcome them.

Chairwoman of Ho Chi Minh City People's Council Nguyen Thi Le speaks at the supervision session.

Sharing the same view, Ms. Nguyen Thi Le, Chairwoman of the City People's Council, said that compensation and site clearance work in public investment projects is still slow and prolonged, leading to adjustments to implementation time and an increase in the total project investment compared to the initially approved investment policy.

Specifically, the Tang Long Bridge Construction Project adjusted the total investment from 450,480 billion VND to 688,071 billion VND; Ong Nhieu Bridge Construction Project adjusted the total investment from 425,240 billion VND to 763,691 billion VND; Phuoc Long Bridge Construction Project adjusted the total investment from 397,725 billion VND to 748,155 billion VND; My Thuy Intersection Construction Project adjusted the total investment from 1,998,461 billion VND to 3,622,367 billion VND; District 8 Hospital Renovation and Expansion Project adjusted the total investment from 180,009 billion VND to 258,503 billion VND; Tan Kien Primary School Construction Project, Binh Chanh District adjusted the total investment from 100 billion VND to 138,613 billion VND...

Besides, according to Ms. Le, some projects have problems but are slow to be resolved, leading to the failure to disburse capital after capital allocation, reducing the efficiency of capital use and affecting the annual disbursement results of public investment capital of the city.

Vice Chairman of Ho Chi Minh City Bui Xuan Cuong received opinions from the Supervisory Delegation.

Through the opinions of the monitoring delegation, Vice Chairman of Ho Chi Minh City Bui Xuan Cuong said that the City People's Committee would learn from and draw experiences to overcome limitations in order to make more efforts in promoting and disbursing public investment.

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