Identifying public investment disbursement as an important driving force for economic growth, the Provincial Civil Works Management Board is focusing on implementing solutions with the goal of ensuring that the cumulative disbursement in 2024 reaches over 95% in the last month of the year.
The 2024 public investment capital plan of the Provincial Civil and Industrial Construction Project Management Board (Civil Works Management Board) is 1,024 billion VND, after adjustment is 1,263 billion VND to implement nearly 20 projects, both new and transitional. Among them, there are many key projects, such as: Ben Rung Bridge approach road; riverside road from Dam Nha Mac intersection to Provincial Road 338; road connecting Ha Long - Hai Phong Expressway (km6 + 700) to Provincial Road 338; complete construction of Dam Nha Mac intersection; headquarters of the Provincial Media Center... These are all key, driving projects of the province, with the meaning of inter-regional connectivity, promoting regional socio-economic development, attracting investment to the area.
To ensure the completion of the disbursement target, from the beginning of the year, the Board prepared quite carefully, building a disbursement plan for each specific project in conjunction with the overall target of the whole year. However, 2024 will face many difficulties, especially in implementing projects when a number of laws, especially the Land Law, come into effect, while the decrees guiding the law are still slow and not synchronized, causing many localities to have to wait for instructions and regulations on land use conversion, compensation, support and resettlement to apply and implement, causing the projects to lack space to organize construction. In addition, road projects are still in the process of foundation construction, mainly in locations with complex terrain, weak foundation, large demand for soil and sand, while the source of raw materials cannot meet the demand in time. Another factor is the approval and bidding mechanism and the lack of synchronous and smooth operation and coordination between authorities and investors, which slows down investment preparation, leading to slow disbursement...
In that context, identifying public investment capital as a resource and driving force for economic growth, the Civil Works Management Board set a target of disbursing public investment capital to reach over 95% in 2024 in accordance with the spirit of the Prime Minister's dispatches No. 104/CD-TTg (dated October 8, 2024) and No. 115/CD-TTg (dated November 7, 2024) on urging the acceleration of public investment disbursement.
Taking advantage of favorable weather in the last months of the year, the Civil Works Management Board has reviewed and summarized difficulties and problems, promoted the role and responsibility of the disbursement steering working group to promptly handle bottlenecks; transferred capital plans between projects with slow disbursement to projects with high disbursement potential and in need of additional capital; reported to the Provincial People's Committee, closely coordinated with units and localities to promptly resolve problems related to land and resources to serve projects quickly, effectively and in accordance with legal regulations.
At the same time, strengthen inspection, supervision, post-inspection, strictly handle violations; strictly control the advance payment, payment and settlement of capital; completely recover overdue advances, focus on completing payment documents according to regulations. The Board requires investors and contractors to take advantage of favorable weather, improve construction capacity in terms of equipment and human resources, ensure progress, volume and quality of works, speed up the implementation of projects...; resolutely do not accept weak contractors who do not ensure capacity. At the same time, implement the rotation system, arrange competent, qualified, experienced and legally knowledgeable staff to take on the role of monitoring, taking charge of and supervising projects...
By November 15, 2024, the Civil Works Management Board had disbursed more than VND 760 billion, equivalent to 74.4% of the plan allocated at the beginning of the year and 60.3% of the adjusted and supplemented plan. This rate is higher than the national and provincial average, making it one of the units with the highest disbursement rate in the province.
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