On the afternoon of October 13, My Thuan 2 Bridge was officially closed - this is an important milestone for the project to be completed by the end of 2023. My Thuan 2 Bridge is an important part of the North - South expressway system in the East, phase 1, connecting the two expressways Ho Chi Minh City - My Thuan and My Thuan - Can Tho, with a total capital of 5,000 billion VND from the budget. It is expected that tomorrow morning, October 18, the two North - South expressway projects in the East, phase 1, National Highway 45 - Nghi Son and Nghi Son - Dien Chau, will also officially open to traffic. These are works and projects that the transport sector has made efforts to disburse.
My Thuan 2 Bridge officially closed
Final run progress
By the end of September, the entire North-South Expressway Phase 2 project had mobilized nearly 600 construction teams. The disbursement value of the Ministry of Transport reached VND58,000 billion, reaching 61% of the annual plan. According to the Department of Planning and Investment (Ministry of Transport), if investors are allowed to maintain the disbursement rate as in September (about 98%), the target of disbursing at least 95% of the capital plan assigned to the Ministry of Transport will be achieved.
However, according to the assessment of Minister of Transport Nguyen Van Thang, the task in the last months of the year for the Ministry of Transport is still very heavy with 40% of the remaining public investment capital disbursement volume. The Ministry of Transport is also the sector assigned a very large public investment capital plan in 2023 with more than 94,000 billion VND, 2.2 times higher than in 2021 and 1.7 times higher than in 2022.
According to a report by the Ministry of Planning and Investment, by the end of September, the disbursement of public investment capital nationwide was estimated at over VND 363,000 billion, equal to 51.38% of the plan, about VND 110,000 billion higher than the same period in 2022 (up 46.7%).
According to Deputy Minister of Planning and Investment Tran Quoc Phuong, with the Government's record capital allocation plan of VND711,000 billion in public investment capital in 2023, the disbursement amount in absolute numbers is very large. This is also the year with the highest disbursement rate in 9 months, when there has never been a year when the disbursement rate exceeded 50%.
For localities, Hanoi's public investment disbursement as of September 20 reached VND23,469 billion, about 50% of the plan assigned by the Government. However, this disbursement speed is still considered lower than the plan, due to some projects having problems with site clearance; fluctuations in raw material prices have led to contractors' slow construction, affecting the project's progress...
To achieve the target of 95%, the Hanoi People's Committee has requested units to urgently complete investment procedures for projects regarding investment policy approval, project approval and adjustment, construction drawing design and cost estimates...
Quickly remove obstacles
According to the report, there are still 42 ministries, central agencies and 26 localities that disburse below the national average. The economic locomotive of Ho Chi Minh City has only disbursed about VND22,600 billion by the end of September, reaching 33% of the annual plan. Although the disbursement volume in the second quarter increased thanks to the Ring Road 3 project, the disbursement rate slowed down in the third quarter.
It is very difficult for Ho Chi Minh City to achieve the target of 95% disbursement this year, but the economic locomotive of the whole country is still determined not to change the target. The Standing Committee of the Ho Chi Minh City Party Committee affirmed that it will resolutely handle the responsibility of organizations and individuals who cause difficulties, hinder, and slow down the progress of disbursement of public investment capital.
Notably, some localities also have disbursement rates lower than the national average. Of which, Gia Lai reached 23.72% (this is also the locality whose disbursement rate from the beginning of the year until now has always been lower than the national average), Kon Tum reached 37.57%, Lam Dong reached 37.65%...
Many localities, ministries and sectors are still slow in disbursing public investment.
At the regular Government meeting in September, the Government leader requested ministries, branches and localities to resolutely accelerate the disbursement of public investment capital, urge and remove difficulties and obstacles. Any unit that has not yet allocated all capital plans for 2023 must complete the detailed allocation of the 2023 investment capital plan before October 20.
According to Dr. Vu Dinh Anh, an economic expert, the fact that the disbursement rate of public investment in some ministries, branches and localities is lower than the target still stems from familiar causes, such as some projects are in the process of completing capital allocation procedures, and are stuck due to fluctuations in raw material prices, etc.
However, according to Mr. Anh, the bright spot is that disbursement in the transport infrastructure sector has achieved positive results, especially when calculated in absolute value. Many large projects have been put into construction this year such as Ho Chi Minh City Ring Road 3, Capital Region Ring Road 4, Long Thanh Airport, etc.
Currently, the Law on Public Investment and other laws have been adjusted, but in reality, when implementing procedures, investors or project management boards still encounter difficulties and confusion, many steps and levels are still cumbersome and inappropriate. In addition, the price of raw materials and fuel fluctuates strongly, causing many contractors to request price adjustments compared to the price in the winning contract. However, this adjustment must be submitted for opinions at many stages, leading to the project being suspended or even having to stop waiting for procedures.
To remove procedural obstacles, the Government has also established a working group on public investment to promptly and thoroughly handle obstacles that slow down disbursement progress. To achieve the expected disbursement target of 95%, the most important thing is to deal with current barriers, especially in shortening procedural processes.
According to this expert, some ministries, sectors and localities have disbursement progress exceeding the plan, but many other ministries, sectors and localities are implementing sluggishly. The reason is due to the low sense of responsibility and determination of a number of civil servants involved in implementing and disbursing public investment projects.
In reality, there are many cases of slow disbursement but no clear responsibility is assigned, leading to evasion and shirking of responsibility. Therefore, it is necessary to resolutely consider disbursement targets as part of the evaluation of officials as required by the Government, to promote determination and efforts from the heads of ministries, branches and localities.
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