Many investors disburse below average
As of September 11, public investment capital in Dak Nong disbursed more than VND 1,234 billion, reaching 37% of the province's plan, 44% of the plan assigned by the Prime Minister and 4.5% higher than the same period in 2023.
The province has 16 investors with disbursement rates below the average level according to provincial regulations. Among them, there are investors who account for a very large proportion of capital sources.
Dak Nong Provincial Construction Investment Project Management Board is the unit that accounts for the majority of the province's public investment capital. However, by the end of September 2024, the unit had only disbursed VND 249 billion out of VND 809 billion, reaching 31% of the assigned capital plan.
Director of Dak Nong Province's Construction Investment Project Management Board Nguyen Van Nghia explained that due to many reasons such as bauxite, land filling, and site clearance, many projects are slow to disburse.
For example, the Dao Nghia - Quang Khe road project is currently facing the above problems, leading to about 150 billion VND of the 2024 capital plan not being disbursed.
For the Provincial General Hospital Upgrade Project, according to the initial commitment, 123 billion VND was disbursed. However, from March to June 2024, the construction unit had no finance. This led to delays in investing in supplies and materials for construction.
“For this project, after many times of urging from the investor, the construction progress has been positive. We are committed to disbursing all VND140 billion/VND150 billion of capital in 2024,” Mr. Nghia affirmed.
In addition to the Management Board of Construction Investment Projects, there are currently many other investors with below average achievement rates such as: Dak Mil District 35.1%; Gia Nghia City 36.9%; Provincial Military Command 40.5%; Dak Song District People's Committee 40.1%...
Overcoming subjective factors
According to the Department of Planning and Investment, in addition to objective reasons, the reason for low disbursement is due to the lack of close coordination between investors and localities in site clearance. Some project investors are not really determined. In many cases, contractors are still procrastinating.
Regarding the progress of public investment disbursement, at the conference on public investment on September 27, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee Ho Van Muoi affirmed that the disbursement of public investment capital in general and the 3 national target programs in particular was low mainly due to subjective reasons.
The low results show that the coordination between departments, branches and localities is still inadequate. Meanwhile, all issues in public investment and disbursement of national target programs have been directed by the Provincial People's Committee.
The province will soon establish a working group to inspect the progress and quality of the projects. When the group inspects the projects, investors and contractors must be present to clearly report on the progress.
“Investors should review and resolutely do whatever is within the district or province’s authority. For any project that is beyond their authority or cannot be done, investors should promptly report to the Provincial People’s Committee to propose returning it. Avoid the situation of “waiting until the water reaches your feet before jumping” at the end of the year,” Chairman of the Provincial People’s Committee Ho Van Muoi directed.
The total public investment capital plan for 2024 in Dak Nong is 3,064 billion VND. As of September 11, the province has only disbursed 1,231 billion VND, reaching 37%. In the last 3 months of 2024, Dak Nong needs to disburse 1,833 billion VND. Of which, the local budget needs to disburse 967 billion VND; the central budget needs to disburse 604 billion VND; ODA sources need to disburse 115 billion VND. The remaining is the central budget to invest in 3 national target programs.
Source: https://baodaknong.vn/3-thang-cuoi-nam-dak-nong-doc-luc-giai-ngan-1-833-ty-dong-230707.html
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