Focus on disbursement of public investment capital

By the end of August 2024, the province's public investment disbursement rate had only reached 26.8% of the plan. Thus, the target of 80% of the plan by September 30 is unlikely to be achieved. This requires all levels and sectors to have extremely positive solutions in the remaining months of the year, striving to achieve the highest possible public investment disbursement rate by December 31.

The Provincial Media Center headquarters is speeding up construction progress.

By the end of August 2024, the province's total adjusted public investment capital plan for 2024 was over VND 16,000 billion, an increase of over VND 1,700 billion compared to the plan assigned by the Provincial People's Council at the beginning of the year. Currently, this capital has been allocated in detail for almost all projects and works, with only about VND 99 billion remaining to be allocated, under the authority of localities.

Although since the beginning of the year, the Provincial Party Committee and the Provincial People's Committee have issued many documents to lead, direct and urge the implementation of public investment disbursement, the results have not been as expected. The capital disbursement rate by the end of August 2024 only reached 26.8% of the capital plan, lower than the same period in 2023 (35%). Up to this point, there are still 9/22 investors with low disbursement rates, especially investors with large public investment capital in the year, even some investors have low disbursement rates below 10%, such as: Management Board of Investment Projects for Construction of Agricultural and Rural Development Works (5.9%); Provincial Police (8.4%), Provincial People's Procuracy (0%), Cam Pha City People's Committee (3.4%).

Statistics show that all three capital sources (central, provincial and district) have lower disbursement rates than the same period in 2023. Currently, the central budget disbursement rate reaches 47.8% of the plan; the provincial budget disbursement rate reaches 17.5% of the plan; the district budget disbursement rate reaches 27% of the plan.

The project to renovate and upgrade the headquarters of the District Party Committee - People's Council - People's Committee of Tien Yen district has basically completed all items and is ready to be put into use.

Regarding provincial budget capital, except for the group of completed projects and works that ensure the capital disbursement rate, the remaining group of transitional projects and newly started projects all have very low capital disbursement rates, such as: 28 transitional projects with a total allocated capital of over 3,700 billion VND, accounting for 65% of the total provincial budget capital plan. However, up to now, only over 914 billion VND has been disbursed, reaching 24.6% of the plan. Of which, there are up to 14 projects with a disbursement rate lower than the average of the whole province; some projects have large capital plans but very low disbursement, such as: Sub-project 2 of construction parts of the riverside road project connecting from Ha Long - Hai Phong expressway to Dong Trieu town, section from provincial road 338 to Dong Trieu town (Phase 1); renovation and upgrading of National Highway 279 section from Km0+00 to Km8+600; Headquarters of the Provincial Media Center. As for the 16 newly started projects, with a total planned capital of over 2,500 billion VND, to date, only over 110 billion VND has been disbursed, reaching 5% of the plan.

Overall, the reasons for the slow disbursement are due to the specific nature of public investment capital disbursement with lengthy investment procedures, involving many levels and sectors; site clearance work encounters many difficulties and obstacles; laws and decrees guiding the implementation of the Law on Bidding and the Law on Land are still slow and not synchronous, affecting the progress of bidding procedures and conversion of forest use purposes of some projects; heavy rain from June to August 2024 directly affects the progress of projects in general, especially transitional projects in the transport sector.

Contractor for construction of Van Don Bridge 3 intersection.

The organization, implementation, and coordination of handling difficulties and problems between investors and departments, branches, and localities are still not tight. Along with that, there is a fear of responsibility of a number of officials and civil servants in the process of performing their duties; the qualifications of some officials performing tasks in some areas of project management, land law, investment, construction, and state budget are still limited, leading to the need for a lot of time to research, process, and get opinions from many other agencies and units, greatly affecting the completion of investment procedures, implementation progress, acceptance, settlement, and finalization of projects.

From now until the end of the year, the Provincial People's Committee requires investors, departments, branches and sectors to accelerate the settlement of projects in the medium-term public investment plan for the period of 2021-2025, as a basis for capital allocation at the meetings of the Provincial People's Council in September-October 2024. In case the project has not been settled in time, investors will base on the completed volume and the value submitted for settlement as a basis for capital allocation, absolutely not allowing outstanding debts for basic construction.

At this time, preparing to enter the dry season, investors need to immediately review the disbursement rate of each project, especially projects with low disbursement rates, to re-evaluate the progress and ability to disburse capital until the end of 2024; have a plan to organize construction in "3 shifts, 4 shifts" to speed up the construction progress of projects, and carry out payment and settlement in accordance with regulations.

Source: https://baoquangninh.vn/tap-trung-cho-giai-ngan-von-dau-tu-cong-3320631.html