Disbursement of public investment capital is on the rise

By the end of the first quarter of 2025, the province's public investment disbursement rate will reach   10.2% of the plan assigned at the beginning of the year, higher than the same period in 2024 (7.7%).   higher than the national average (9.5%) . This result shows that all levels, sectors and project investors have been really determined to implement disbursement, considering public investment as the driving force for economic growth.

Construction of organic soil layer removal for the riverside road project connecting Ha Long - Hai Phong expressway to Dong Trieu city.

With the economic growth target of 14% or more, in the first quarter of 2025, the Provincial People's Committee issued many documents directing agencies, units and localities to resolve long-standing difficulties and problems related to the source of materials for leveling and site clearance, notably: Set of unit prices for compensation for assets attached to land when the State reclaims land in Quang Ninh province; directing the Department of Agriculture and Environment to publish information on 14 areas exploiting soil and rock for leveling materials with a total reserve of tens of millions ^{of m3} ; granting licenses to regulate excess soil and rock at construction investment projects for projects in the area; speeding up the progress of investment procedures, minerals, environment and other related procedures for Duc Son mine (Dong Trieu city).

Along with that, the Chairman and Vice Chairmen of the Provincial People's Committee have chaired many working sessions with relevant sectors, localities and units to resolve and remove specific obstacles related to each project. Up to now, the shortage of filling materials at key projects has been basically resolved such as: The riverside road connecting from Ha Long - Hai Phong expressway to Dong Trieu, the section from Provincial Road 338 to Dong Trieu (phase 1); the road connecting from Van Don - Mong Cai expressway to Van Ninh port...

Mr. Pham Hong Bien, Director of the Department of Finance, said: The unit has actively reviewed the contents and advised the Provincial People's Committee to direct units to focus on promoting disbursement.   Public investment must be made from the beginning of the year; investors and local People's Committees must develop monthly and quarterly disbursement plans for each project; specific leaders must be assigned to monitor the progress of implementation and disbursement of each project; closely monitor and promptly direct and resolve difficulties for projects; promptly recover advances, finalize and close projects.

The contractor is actively constructing the project of the road connecting Vung Duc Street (Cam Dong Ward) to Cam Son Ward (Cam Pha City) phase 1.

Currently, the projects have basically been resolved, especially those identified as the driving force and key projects of the sectors and localities to welcome the 16th Provincial Party Congress, term 2025-2030. Accordingly, at the construction sites of the transitional projects, at this time, there are always busy machines, technical equipment, and human resources working continuously throughout the day, with the determination to soon complete the entire project to put it into operation, use, and create momentum for socio-economic development. For example, the riverside road connecting the Ha Long - Hai Phong expressway to Dong Trieu City. This project has so far basically solved the source of filling materials, so the construction progress of the roadbed is being implemented very urgently by the joint venture of contractors.

According to data from the State Treasury of Region III, the estimated disbursement by the end of the first quarter of 2025 in Quang Ninh province reached VND 1,209 billion, reaching 10.2% of the plan assigned at the beginning of the year, higher than the same period in 2024 (7.7%), higher than the national average (9.5%). Of which, provincial investors disbursed VND 412 billion, reaching 8.5% of the plan; units of the defense, security and justice sectors disbursed VND 43.9 billion, reaching 3.5% of the plan; People's Committees of localities disbursed VND 752 billion, reaching 13.1% of the plan.

If some projects were not suspended according to the Central Government's merger policy, the disbursement rate of public investment capital in the whole province would be 10.2% higher than the current figure. According to calculations, the whole province has 72 projects suspended due to merger, with a capital plan of over 400 billion VND. At the district level alone, there are 70 projects suspended. Currently, localities have proactively developed plans to adjust the capital plan from suspended projects to other projects to ensure full use of capital.

Hong Thai Dong Secondary School (Dong Trieu City) is being actively invested in.

According to the public investment disbursement plan of the units, it is expected that by June 30, 2025, the whole province will disburse 5,484 billion VND, reaching 46% of the plan assigned at the beginning of the year. Thus, in the second quarter of 2025 alone, the whole province must disburse an additional 4,276 billion VND, 3.5 times higher than the first quarter of 2025. This is an extremely heavy task in the context that the whole province must reorganize its apparatus according to the direction of the Central Government. To carry out this task, for the capital source for preparing provincial budget investment, the Provincial People's Committee requests the assigned units to carry out investment preparation work, promptly prepare documents and submit them to the Department of Finance for synthesis and reporting to the Provincial People's Committee for allocation according to regulations.

The Department of Finance shall preside over and coordinate with units using public investment capital in the whole province, proactively review the disbursement rate of each project, especially projects with low disbursement rates, to reassess the progress and ability to disburse capital by the end of 2025; resolutely transfer capital that cannot be disbursed to projects with high disbursement potential, projects that have been settled and completed and need additional capital.

Manh Truong

Source: https://baoquangninh.vn/giai-ngan-von-dau-tu-cong-khoi-sac-3352020.html