Decisive direction for the disbursement of public investment funds.

In 2023, the effective implementation of the public investment plan contributed to achieving positive socio -economic results. Entering 2024, the public investment sector continues to receive strong attention and direction from Thanh Hoa province from the beginning of the year, with the expectation that this capital will become a key resource contributing to economic growth and social welfare in the area.

Construction of transportation infrastructure projects under the Integrated Development Project of Dynamic Urban Areas - Tinh Gia Urban Sub-project.

In 2024, the total public investment capital allocated to the province by the Central Government was 12,115 billion VND; of which, the planned public investment capital from the State budget was over 11,785 billion VND, and the savings from the provincial budget in 2023 carried over to the first phase of 2024 was over 330 billion VND... Immediately after the Government assigned the public investment plan, the Provincial People's Council assigned the Economic and Budget Committee to coordinate with specialized agencies to urgently finalize the allocation plan for investors. Based on the capital absorption capacity of the projects, the Provincial People's Council developed and reallocated capital plans in a reasonable manner to maximize the effectiveness of this capital.

To vigorously implement and disburse public investment capital, on January 26th, the Chairman of the Provincial People's Committee issued a directive on accelerating the implementation and disbursement of public investment capital and improving the effectiveness and efficiency of managing and using public investment capital in 2024. Accordingly, with the goal of disbursing 100% of the 2024 public investment plan before December 31st, 2024, the Chairman of the Provincial People's Committee requested that agencies, departments, units, and investors consider accelerating the implementation and disbursement of public investment capital in 2024 as one of the top priority political tasks, requiring decisive leadership and direction, resolving obstacles, and innovating methods and approaches to managing public investment programs and projects to effectively implement the 2024 public investment plan of the locality and unit.

The roadmap for achieving this goal has also been detailed, with targets of disbursing at least 50% of the allocated capital by June 30th; at least 70% by September 30th; at least 90% by November 30th; and 100% by December 31st.

Specifically, the roadmap for each project group has also been directed; in which, for completed projects, 100% of the capital must be disbursed before February 28th; for transitional projects expected to be completed in 2024 and projects to be completed after 2024, at least 50% of the allocated capital must be disbursed before May 31st; and for newly started projects, at least 50% of the allocated capital must be disbursed before July 30th...

Based on the allocated capital plan, investors have developed detailed implementation schedules for projects; at the same time, they have proactively and promptly resolved difficulties and obstacles related to legal procedures and land clearance to facilitate implementation and prevent the situation of "projects waiting for capital". This also fundamentally addresses the problem of outstanding construction debts when contractors advance capital but the State has not yet allocated the necessary funds.

Thanks to decisive leadership since the beginning of the year, as of March 15th, the total value of disbursed public investment capital in the province has reached VND 2,039.9 billion, equivalent to 16.8% of the detailed allocated capital plan and 4.4% higher than the same period last year. This progress is currently nearly twice the national average disbursement rate. Several project owners, including local authorities and provincial-level units, have achieved high and very high disbursement rates, such as: Bim Son town at 46.4%; the Provincial Border Guard Command at 32%; Yen Dinh district at 28.2%; Hau Loc district at 25.4%; and Trieu Son district at 23.2%. The Project Management Board for the construction of agricultural and rural development projects achieved 20.9%... However, there are also units and investors that have not disbursed capital or have a very low disbursement rate compared to the provincial average, typically: the Department of Agriculture and Rural Development; the Project Management Board for the construction of civil and industrial works in Thanh Hoa; the Provincial Military Command; Thanh Hoa City; and the districts of Quang Xuong and Dong Son...

Construction of the bridge over the Ma River and access roads is underway as part of the project connecting National Highway 1A with National Highway 45, from Hoang Xuan commune (Hoang Hoa district) to Thieu Long commune (Thieu Hoa district).

During recent inspections conducted by working groups tasked with monitoring, resolving difficulties and obstacles, and accelerating the disbursement of public investment capital, national target programs, and socio-economic recovery and development programs in 2024, many difficulties and challenges in project implementation and disbursement of public investment capital are still being raised and proposed by project owners, such as: Many projects have large volumes of land clearance, mainly involving residential land, leading to difficulties and the emergence of many additional work items in surveying and inventory; the progress of resettlement areas is still slow, resulting in delays in handing over land to construction units; there is a lack of counterpart funding for projects balanced with budget revenue from land use tax. In addition, many key projects face difficulties in clearing bombs, mines, and unexploded ordnance to mitigate the consequences of post-war bomb and mine clearance; some projects require the relocation of structures attached to the land within the project area; The shortage of earth fill materials for transportation projects is due to the fact that the quarry's capacity is insufficient to meet demand.

However, under the direction of the Provincial People's Committee, all localities have committed to resolutely implementing the project and are determined to disburse 100% of the capital this year. Along with focusing human resources and emphasizing public awareness campaigns to facilitate land clearance, investors are also intensifying efforts to urge contractors to concentrate manpower, equipment, supplies, and materials to accelerate construction progress in areas where clean land has been handed over; simultaneously, they are coordinating with contractors and supervisory consultants to complete procedures and disburse funds for the project upon acceptance of completed work as per regulations, creating capital for contractors to carry out subsequent phases.

During recent inspections and monitoring, while commending investors who have performed well in disbursing public investment funds and achieved higher disbursement rates than the provincial average, provincial leaders also criticized units and investors who have not fully fulfilled their responsibilities, resulting in some key projects being delayed for many years without completion. They also requested relevant units to resolve obstacles and direct contractors to expedite the commissioning and operation of these projects. Furthermore, provincial leaders requested that units and localities, based on the stipulated disbursement timelines for 2024, promptly develop detailed plans for the implementation and disbursement of funds for projects, down to the monthly level. This will serve as a basis for monitoring, monitoring, inspecting, and supervising the progress of implementation and disbursement throughout the year.

Text and photos: Tung Lam

Source: https://baothanhhoa.vn/kinh-te/quyet-liet-chi-dao-giai-ngan-von-dau-tu-cong/210567.htm