(HBO) – Under the direction of the Prime Minister and the Chairman of the provincial People's Committee, the province should disburse at least 60 percent of the allocated public investment capital by September 30. However, the goal seems to be impossible to reach as the disbursement rate only reached 29 percent of the plan as of August 15.
Construction on Hoa Binh 2 bridge
project (Hoa Binh city) is being accelerated to ensure that it will be put into
trial operation on schedule.
This year, the province is allocated 3.7 trillion VND (166
million USD) of investment capital from the State budget. Meanwhile, capital in
the investment plan that has been approved by the provincial People's Council
totals over 4 trillion VND.
Up to now, some projects have disbursed over 60 percent of the planned target.
However, many others recorded low disbursement rates, with some even not
disbursing any capital at all.
Delivering a report at the meeting of the provincial People's Committee, Nguyen
Van Thang, Director of the Department of Planning and Investment (DPI) said:
"Currently, there is still over 720 billion VND of capital yet to be allocated
to new construction projects.” However, he said, from August 15 to September 8,
an additional 321 billion VND was disbursed, raising the disbursement rate to
37 percent.
The biggest difficulty in raising the disbursement rate, is related to Official
Development Assistance (ODA) capital in Hoa Binh city in the northern
mountainous urban programme and the capital for the Da river bed project in
2016-2020 extension period, Thang said.
To speed up the disbursement of public investment capital, Quach Tat Liem, Vice
Chairman of the provincial People's Committee said projects management boards
needed to organise weekly meetings with the construction sides to speed up the
progress of the projects, especially for those with large capital allocation
but suffering low disbursement rate. In addition, the capital plan for the
projects should be adjusted to ensure effective payment.
The biggest cause of concern is the slowness in allocating capital to projects
while there are only more than three months left until the end of the year.
Therefore, he said, it is essential for the DPI to have specific solutions for
each project before allocating capital, otherwise, disbursement would be
impossible.
The provincial Party Committee has directed each department, agency and
locality to have detailed plans to speed up the disbursement of public
investment funds, ensuring that the disbursement rate will reach over 60
percent by September 30, fulfilling the set target for this year.
He said that drastic measures should be adopted and heads of units should bear
the responsibility if they fail to meet 2021 public investment capital./.
The Standing Board of the Hoa Binh provincial Party Committee met on March 18 to review and guide major investment projects aimed at boosting local socio-economic development.
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