On September 4, the Ho Chi Minh City People's Committee held a regular meeting for August 2024. Chairman of the Ho Chi Minh City People's Committee Phan Van Mai gave many instructions, especially on the disbursement of public investment capital.
Four committees must review each project.
Public investment disbursement in Ho Chi Minh City leads the list of restrictions. Photo: My Quynh
According to Mr. Mai, the socio-economic situation in August is on the path of positive recovery. This is a trend that the city will rely on to promote in September and the last months of the year, completing the set growth target.
However, the issue of disbursement of public investment capital is slow and leads the list of limitations. In August, Ho Chi Minh City only disbursed 18.1%, although the disbursement target was set very carefully for each month.
Giving specific evidence, Mr. Mai said, the Transport Board committed to disbursing 590 billion, but by the end of August, it had only disbursed 86 billion; the Infrastructure Board committed to disbursing 111 billion, but had only disbursed 31.4 billion; the Civil Board committed to disbursing 153 billion, but had only disbursed 60 billion; the Urban Railway Board committed to disbursing 119 billion, but had only disbursed 32 billion.
Ten Lua Street (Binh Tan District) was just opened to traffic on the morning of September 4. Photo: My Quynh
"The total disbursement from the beginning of the year until now of these four boards is 10.4%, lower than the city's average of 18.1%. Meanwhile, these four boards account for the city's capital. Currently, the districts have a disbursement rate of 34%, and are shouldering the disbursement results for the city," said Mr. Mai.
Mr. Mai suggested that the four above-mentioned committees, together with Thu Duc City, carefully review each project; update the plan and keep the commitment every month. By the end of 2024, over 95% must be disbursed; any committee facing difficulties must disburse 90% or more.
"In the first week of September, the departments must update the disbursement until the end of September, October, November, December and January of the following year. We must manage each project, each month, assign tasks to each department, each project and be responsible for that," Mr. Mai emphasized.
Sand Ring 3 will speed up disbursement
Mr. Luong Minh Phuc, Director of the Traffic Construction Investment Project Management Board (Traffic Board) said that the unit was assigned 12,380 billion VND, and has so far disbursed 2,450 billion.
Despite the difficulties in disbursement in the first months of the year, Mr. Phuc said that the Board still set a target of disbursing VND9,930 billion from now until the end of 2024. Of which, about VND2,000 billion is for site clearance capital. This package is still being implemented by the Traffic Board according to schedule, disbursed at the end of the third and fourth quarters of 2024.
The parallel road project of National Highway 50 (Binh Chanh District, Ho Chi Minh City) is accelerating to the finish line. Photo: My Quynh
In addition, there is about 700 billion VND to implement new projects; 300 billion VND of ODA capital to resolve contractor problems (currently the Traffic Department is still negotiating, expected to disburse in the fourth quarter).
In particular, there is about 6,500 billion VND for construction packages, of which the Ring Road 3 project alone is about 3,000 billion VND.
The Transport Department is determined to set a disbursement target of over 95% in 2024. To achieve this, the unit will implement solutions such as continuing to accelerate the progress of construction and installation volume groups of ongoing projects, especially the Ring Road 3 project.
"This week, sand from the West will start to be brought to the construction site. We will speed up the loading process, focusing on five packages in the East such as beam placement, elevated road construction... In addition, we will work in three shifts, four crews and keep the deadline of completing 15 packages by the end of 2024," said Mr. Phuc.
Mr. Phuc also recommended that departments and localities coordinate to speed up the site clearance process. For example, Tan Binh district will speed up the site clearance for the Tran Quoc Hoan - Cong Hoa connecting road project before September 30 to disburse about 300 billion; District 4 will clear the Nguyen Khoi bridge and road to disburse 770 billion, Binh Chanh district will clear the site on National Highway 50...
In total, by August 2024, public investment capital from the State budget is estimated to be VND 25,256.3 billion, an increase of 1.3% over the same period.
Of which, the City-level budget capital is estimated to be 25,220.2 billion VND, up 2.3% over the same period, reaching 31.8% of the Prime Minister's Plan; the district-level budget capital is estimated to be 36.1 billion VND, equal to 13.0% over the same period, reaching 32.1% of the district-level Plan.
As of August 23, the total disbursed investment capital from the State budget was VND 13,924.4 billion, reaching 17.6% of the 2024 capital plan.
Source: https://www.baogiaothong.vn/giai-ngan-von-dau-tu-cong-thap-chu-tich-tphcm-chi-dao-nong-192240904104045174.htm
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