Ho Chi Minh City has 43 stuck projects, unable to disburse capital in 2024

Ho Chi Minh City has 43 stuck projects, unable to disburse capital in 2024

Ho Chi Minh City has 43 stuck projects with capital of VND3,108 billion, unable to disburse in 2024 despite speeding up the implementation of related procedures.

According to a recent report by the Ho Chi Minh City Department of Planning and Investment on the disbursement progress of public investment projects, up to 43 projects with a capital of VND 3,108 billion are unlikely to be disbursed in 2024 despite speeding up the implementation of related procedures.

Although the main bridge of Bung Bridge has been open to traffic since 2022, a branch road leading to the bridge is still stuck in site clearance, so investment capital cannot be disbursed - Photo: Le Minh

All 43 projects that are unlikely to be disbursed in 2024 are transport and civil works projects implemented by the Transport Project Management Board and the Civil and Industrial Works Project Management Board.

Through the review of investors, these 43 projects are projects in the investment preparation stage. The most difficult part lies in the planning adjustment procedures with 23 projects, the amount of undisbursed capital is up to nearly 1,600 billion VND.

For example, the Bung Bridge New Construction Project is still stuck due to the land clearance of 2 enterprises in Tan Binh Industrial Park. Tan Phu District is coordinating with relevant parties to establish procedures to adjust the 1/2000 scale zoning plan to serve as a basis for land acquisition and site clearance compensation.

Or the Do Xuan Hop Street expansion project in Thu Duc City is stuck in the adjustment of the 1/2000 planning of Thu Duc City that has not been announced. Previously, the project included the cost of site clearance in the construction and installation, increasing the total investment, so the policy had to be adjusted to implement the next steps.

For projects to purchase medical equipment, the opinions of specialized agencies are required. In addition, some projects are stuck with environmental licensing procedures.

Mr. Luong Minh Phuc, Director of the HCM City Traffic Construction Investment Management Board, said that in 2024, the Board was assigned a very large amount of public investment capital. In the remaining time, the unit must disburse an average of VND 1,400 billion per month. For traffic projects, the third and fourth quarters are the time for the most disbursement.

To avoid "soaking" public investment capital in projects that are not able to disburse, the Department of Planning and Investment recommends that the Ho Chi Minh City People's Committee assign specialized agencies and localities to review and propose plans to transfer capital from projects that are not able to disburse capital to projects with high disbursement.

The Department of Planning and Investment also proposed that it is necessary to determine the responsibility of related organizations and individuals in slowing down the disbursement of public investment capital in order to have a form of handling responsibility.

Source: https://baodautu.vn/tphcm-co-43-du-an-vuong-mac-khong-co-kha-nang-giai-ngan-von-trong-nam-2024-d217592.html