Determined to disburse public investment capital well

Rapid disbursement of public investment capital will contribute to promoting the province's economic growth, so from the beginning of the year, the Provincial People's Committee directed to focus on accelerating progress, ensuring smooth capital disbursement in 2025 from the beginning.

Binh Dinh Newspaper reporter interviewed Director of Department of Planning and Investment Le Hoang Nghi about the allocation and solutions to promote disbursement of public investment capital in 2025.

▪ Could you please tell us about Binh Dinh's total public investment capital plan for 2025 and the allocation of public investment capital in the province?

Mr. LE HOANG NGHI

- In 2025, the Provincial People's Council assigned the Provincial People's Committee to implement the public investment plan of state budget capital managed by the province of more than VND 9,381 billion, of which the provincial budget capital is more than VND 8,170 billion, the central budget capital, including ODA capital is more than VND 1,211 billion. Compared to 2024, the total public investment capital plan this year is VND 616.6 billion higher.

Up to now, the Department of Planning and Investment has advised the Provincial People's Committee to allocate all capital plans for 2025 to implementing units, prioritizing capital allocation for key transport projects being implemented in the period of 2021 - 2025 and projects to be completed in 2025.

▪ Along with capital allocation, the Provincial People's Committee requires investors to commit to disbursing according to time frames corresponding to the allocated capital ratio. Can you provide information on this issue?

- Based on Directive No. 01/2025 of the Provincial People's Committee on promoting disbursement of public investment capital from the State budget managed by the province in 2025, the Department of Planning and Investment has issued a document requesting investors to promote and commit to disbursement according to the time milestones. Accordingly, by the end of the second quarter of 2025, disbursement will reach over 40% of the total capital plan, by the end of the third quarter of 2025, it will reach over 60%; by the end of the fourth quarter of 2025, it will reach over 90% (in particular, the capital plan for 2024 is allowed by the competent authority to be extended to 2025, and 100% of the capital must be disbursed); by the end of January 31, 2026, strive to disburse 100% of the public investment capital plan for 2025.

Currently, investors have committed to disbursing according to the above-mentioned timelines, reporting to the Provincial People's Committee and the Department of Planning and Investment on the progress of implementation each month and at the following times: June 30, September 30, December 31, as a basis for managing resources for public investment.

▪ To ensure the capital disbursement plan assigned by the Prime Minister and the Provincial People's Council, what tasks and solutions will the province carry out in the coming time, sir?

- With the determination to disburse 100% of the capital plan in 2025, the Department of Planning and Investment has advised the Provincial People's Committee to direct units to speed up the construction progress of works and projects and quickly settle the completed work volume.

According to the Department of Planning and Investment, as of February 12, the province had disbursed VND674 billion, reaching 7.19% of the total public investment capital plan for 2025 managed by the province. Of which, disbursement of local budget capital reached 6.99%, and central budget reached 8.53%.

Accordingly, the province requires investors to regularly evaluate the progress of project implementation, resolutely and promptly handle contractors who violate construction progress, construction quality, slow completion of payment procedures for completed volume and violate the terms of the signed contract. Along with that, promptly accept the completed volume, so that contractors can submit the volume to the treasury for immediate payment, not to let the volume that has been performed but not paid remain, and not to wait until the end of the year for final payment.

Particularly for projects completed before 2025, organize acceptance, payment and disbursement from the beginning of the year, ensuring disbursement of at least 60% of the capital plan before May 31 and disbursement of 100% of the capital plan by August 15. For projects transferred to 2025, continue to urge contractors to speed up construction progress; organize acceptance, payment and disbursement of public investment capital as soon as there is volume, ensuring that by May 31, disbursement reaches over 35% of the assigned capital plan.

Contractors speed up construction progress of the coastal road section from National Highway 1D to the new National Highway 19. Photo: T.SY

For newly started projects, units must quickly organize the selection of consulting and construction contractors before May 31. Investors must also accelerate the disbursement of the 2024 capital plan, which is allowed to be extended to 2025, ensuring the completion of 100% disbursement of the capital plan within the allowed extension of implementation and disbursement time.

Provincial departments, branches and sectors must also proactively remove difficulties and obstacles in the disbursement of public investment capital in 2025, helping investors to perform well their assigned tasks.

▪ Thank you!

"Based on the implementation status and disbursement of capital plans in 2025 of projects, the Department of Planning and Investment advises the Provincial People's Committee to transfer the 2025 capital plan for projects with low disbursement rates, projects that are unable to disburse all of the assigned capital plan in 2025 to projects with high disbursement capacity and projects that already have available volumes that need additional capital plans for payment.

The head of the unit or locality is responsible to the Chairman of the Provincial People's Committee when the project does not fully disburse capital, the 2024 capital plan is canceled, which has been extended by the competent authority. Investors and People's Committees of districts, towns and cities shall balance their own capital sources to arrange for projects that have been assigned capital plans but have not fully disbursed". Mr. LE HOANG NGHI

PHAM TIEN SY (Implementation)

Source: https://baobinhdinh.vn/viewer.aspx?macm=5&macmp=5&mabb=341752