On November 26, the Department of Planning and Investment of Gia Lai province said that as of November 20, the total value of disbursed public investment capital was nearly VND 1,972 billion, reaching 37.36% of the assigned capital plan, and the estimated disbursement of the capital plan by January 31, 2024 reached 82.6% of the plan.
Of which, investors were assigned a lot of capital but the disbursement rate was low such as Gia Lai Provincial Construction Investment Project Management Board only reached 27.8%; Department of Agriculture and Rural Development reached 19.8%; Department of Planning and Investment reached 17.7%; Department of Natural Resources and Environment has no disbursement rate. Localities such as Chu Se, Chu Prong, Dak Doa, Ia Pa, Mang Yang, Phu Thien... only disbursed about 40% of the capital plan.
According to the Department of Planning and Investment of Gia Lai province, the reason for the slow disbursement of public investment capital is due to the regulations of the Law on Fire Prevention and Fighting, and the issue of environmental licensing takes a long time.
In addition, the People's Committees of districts, towns and cities are slow to approve compensation plans and cannot carry out compensation work, thus prolonging the construction time and disbursement of projects such as: Eastern economic corridor road (Eastern bypass road via National Highway 19), Nguyen Chi Thanh road, Nguyen Van Linh road, Ayun Pa town inner-city road, Chu Se - Chu Puh - Chu Prong inter-district road, Phu Thien district inner-city road...
The shortfall in capital revenue from land use fees and land leases in 2022 and 2023 has caused many projects using this capital source to have completed the volume of implementation but have no capital to pay.
In addition, the Provincial People's Committee and the Department of Natural Resources and Environment have considered solutions to remove obstacles in land sources for projects using state budget capital, but still cannot meet the needs of some projects.
Gia Lai Provincial People's Committee directed sectors and localities to urge investors to focus on accelerating the implementation progress, disbursing public investment capital, and striving to complete projects according to plan. For projects under construction, investors and contractors must have a general and detailed progress, sign a commitment and be responsible for the progress of completion and disbursement of project capital.
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