Ho Chi Minh City sets target for Q1 public investment disbursement not lower than 12%

The chairman of the People's Committee of Ho Chi Minh City has recently instructed the relevant agencies and investors to urgently finalize the disbursement plan for each project on a weekly and monthly basis.

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The Ho Chi Minh City-Long Thanh-Dau Giay Expressway (on the left) has been put into operation. (Photo: TTXVN)

To concentrate on implementing and disbursement of public investment plans as well as accelerate the deployment of key projects, the leaders of the Ho Chi Minh City People’s Committee have directed relevant agencies and investors to urgently complete the disbursement plan for each project on a weekly and monthly basis; it clearly states specific tasks for each week and month and commits to disburse all the allocated capital in 2024.

In particular, completing investment procedures to implement construction and disbursement of capital according to specific schedules, including Group C projects before March 31, 2024; Group A and B projects before June 31, 2024; ensuring that the disbursement ratio for the whole of 2024 is above 95%, with the target for the first quarter of 2024 being no less than 12%.

Chairman of the Ho Chi Minh City People’s Committee, Phan Van Mai, requested that the governing bodies and investors seriously and rigorously develop investment construction and disbursement plans to ensure that the disbursement rate for the whole year exceeds 95% as committed and planned.

For projects that have been authorized to decide on investment, the investors shall proceed with the implementation, completing the selection of contractors, ensuring project commencement in the first quarter of 2024.

In addition, units and investors must closely coordinate with the Compensation and Site Clearance Committee of the districts, Thu Duc City to carry out boundary marking according to regulations before implementing compensation, support, resettlement; supervise and urge contractors to accelerate construction progress, complete the project early; resolutely take disciplinary measures according to regulations and construction contracts against contractors who violate the contracts.

The People’s Committee of the city assigned the Department of Planning and Investment to coordinate with relevant agencies and units to review the plan for disbursement of public investment capital in 2024, ensuring compliance with the above targets of the city and completing it in February 2024; at the same time, taking responsibility for leading and coordinating with departments, localities, and investors to review, advise, propose arrangements, adjust flexible capital plans; resolutely propose cutting capital for projects with slow progress, timely supplementing capital for well-implemented projects; focusing on allocating capital for large-scale, focal projects that have a ripple effect, absolutely not being spread out to improve investment efficiency, increase the disbursement rate.

The leaders of the Ho Chi Minh City People’s Committee assigned 3 working groups to overcome difficulties and obstacles in public investment to review the disbursement progress, difficulties, and obstacles in implementing the 2024 plan; continue to monitor and urge investors to urgently complete the detailed disbursement plans for each project according to the assigned capital in 2024, especially projects with large capital of over 50 billion VND, ensuring a disbursement rate of over 95% for each project; timely identify difficulties, obstacles and report and propose competent authorities to resolve them if they exceed their authority.

Furthermore, for public investment projects in general, and key projects in particular, the leaders of the Ho Chi Minh City People’s Committee directed the departments, branches, and units concerned to accelerate construction progress (3 shifts, 4 shifts), study regulations and related provisions to prepare project documents, shorten the tender invitation period but still meet the requirements as regulated.

The investors of related projects are responsible for inspecting and tightening supervision and discipline on consulting units, especially the construction contractors; imposing penalties and strict handling (no exceptions) to ensure progress, quality, artistic-technical aspects, and maximize investment efficiency.

According to the plan, the allocated public investment capital for the Ho Chi Minh City People’s Committee in 2024 is VND 79,263 billion; of which the central budget is VND 3,686 billion. The central budget is allocated to projects such as: the An Phu Interchange project with VND 500 billion; component 1 of the Belt Road No. 3 project with VND 500 billion; construction and expansion of National Highway 50 in Binh Chanh district with VND 45.89 billion; infrastructure construction and environmental improvement of the Tham Luong – Ben Cat – Rach Nuoc canal with VND 1,500 billion…/.

A.Tuan

SOURCEvietstock
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