This year, the total budget allocated for important national and key transport infrastructure projects is VND 125.6 trillion, accounting for 19.1% of the total public investment plan of VND 657.3 trillion.
However, according to the Ministry of Finance, as of March 31, only VND 14,030 billion, or 11.2% of the allocated budget, has been disbursed for these projects, slightly lower than the country’s overall disbursement rate of 12.16%. The disbursement rate for local budget capital is even lower, at just 6.2%.
Some projects have not yet started disbursing their allocated capital for this year, or have very low disbursement rates. There are also projects that have not been allocated local budget capital or have only received a small portion of it (for example, Component 2 of the Khanh Hoa – Buon Ma Thuot Expressway project has not received any capital allocation for 2024, and Component 1.1 and 2.1 of the Hanoi Capital Region Ring Road 4 project are still awaiting the allocation of VND 1,506 billion and VND 2,957 billion, respectively, from the medium-term plan for 2021-2025).
The government allocates additional VND 6,500 billion for three expressway projects.
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In late March, the government allocated nearly VND 6,500 billion to the Ministry of Transport and eight localities to construct three expressways. However, four localities, including An Giang, Soc Trang, Dong Nai, and Ba Ria-Vung Tau, have not yet allocated their share of VND 2,439 billion for 2024.
To accelerate the disbursement of the state budget investment plan for important national and key transport infrastructure projects this year, the Ministry of Finance has requested the Ministry of Transport and localities to promptly allocate local budget capital, ensuring that projects have sufficient capital to proceed as per the approved schedule.
Localities are also urged to allocate central budget capital from the increased central budget revenue in 2021 and vigorously implement solutions to promote the disbursement of public investment capital.
Viet Linh
