Many public investment projects have 0% disbursement, Quang Binh requires investors to rectify

Many projects have a 0% disbursement rate

Recently, the Ministry of Finance has announced projects with 0% disbursement of public investment capital plan in 2024, the central budget source managed by localities. Of which, Quang Binh province has 13 projects that have not been disbursed, as of April 30. Regarding projects using provincial budget sources, Quang Binh has more than 60 projects with a total investment capital of more than 268 billion VND that have not been disbursed.

According to the assessment of Quang Binh province, the local public investment plan for 2024 is being implemented in relatively favorable conditions. Projects using domestic central budget sources, ODA capital and most provincial budget projects are transitional projects, have completed procedures and are focusing on construction.

Items belonging to the road and railway overpass project in the center of Dong Hoi city are slow in site clearance.

According to the Provincial People's Committee, since the beginning of the year, the locality has implemented solutions to urge disbursement and during the implementation process, the Provincial People's Committee's Working Groups have also organized meetings and inspections to remove difficulties and obstacles for the projects.

However, the Provincial People's Committee confirmed that many projects in the province have a disbursement rate of 0%, in which many projects have very small capital but the investors have not urged the construction contractors to accept payment for disbursement.

This is said to have affected the overall disbursement rate of the whole province and the direction and administration of the Provincial People's Committee. In particular, many public investment projects are urgent and have an impact on local development, contributing to promoting social security and socio-culture. The delay in disbursement and completion of projects will greatly affect the overall development plan of the province.

For example, the Dong Hoi City Central Railway Road and Overpass Project is one of many projects with a 0% disbursement rate. The project, invested by the Department of Transport and represented by the Provincial Traffic Construction Investment Project Management Board, has not yet been able to disburse funds due to the lack of positive progress in site clearance. While the project's goal is to create a main crossroad connecting the East and West of Dong Hoi City, contributing to regulating traffic flow in the inner city, with the road often congested due to intersections with the railway.

Quang Binh aims to have a disbursement rate of at least 40% of the assigned capital plan by June 30, 2024. Photo: Khanh Trinh

In addition, there are many projects with great impact such as: Investment project to build the Oncology - Radiotherapy Department, Vietnam - Cuba Dong Hoi Friendship Hospital; Upgrading and expanding rural clean water projects; projects to upgrade and renovate hospitals and medical stations; traffic projects in many districts and towns,...

Rectifying and accelerating the progress of public investment disbursement

As of the end of April 2024, the disbursement rate of Quang Binh province according to the number of provinces implementing the project reached 16.5%, lower than the national average (17.46%). To achieve a disbursement rate of over 95% of the assigned public investment plan for 2024, Quang Binh province requires investors with projects with a disbursement rate of 0% to rectify the direction of implementation and disbursement of public investment capital of the unit.

Accordingly, investors need to urgently carry out acceptance, payment and capital disbursement work, no later than May 31, 2024, to make the first payment at the State Treasury at all levels; by June 30, 2024, the disbursement rate must reach at least 40% of the assigned capital plan.

The Provincial People's Committee also noted that priority should be given to disbursing the 2023 capital plan to be extended to 2024 first, and then disbursing the 2024 capital plan.

Quang Binh established working groups to remove difficulties and obstacles for public investment projects. Photo: AT

Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee Tran Thang requested to enhance the responsibility of leaders in removing difficulties and obstacles to promote disbursement of public investment capital. In addition, taking advantage of favorable weather to urge contractors to speed up construction progress, especially for projects expected to be completed in 2024, with relatively large allocated capital, including 8 traffic projects invested by 8 districts, towns and cities using central budget capital in 2024.

Particularly for new projects starting in 2024, investors must urgently complete investment procedures and other related procedures to implement the project, and must complete the selection of construction contractors for implementation by June 30, 2024 at the latest.

Along with that, the People's Committee of Quang Binh province has also directed relevant departments and branches such as the Department of Planning and Investment; Department of Finance; Department of Construction; Provincial State Treasury, localities... to promote their roles and responsibilities to further promote the disbursement of public investment capital, remove difficulties and obstacles when implementing projects, in order to soon complete the works, contributing to the economic, cultural - social development, national security and defense of the province.

Source: https://daibieunhandan.vn/tren-duong-phat-trien-1/nhieu-du-an-dau-tu-cong-giai-ngan-0-quang-binh-yeu-cau-chu-dau-tu-chan-chinh--i372596/