Ha Noi accelerates public investment disbursement
VGP - Chairman of the Ha Noi People's Committee Tran Sy Thanh issued a directive on accelerating the disbursement of public investment in the last months.
With a total investment of more than VND 1.37 trillion, Hanoi Children's Palace officially comes into operation on the morning of September 21, becoming a cultural and sports centre, meeting the needs of living, studying, playing, competing in sports and physical training for the future young people of the capital.
Accordingly, units that are slow in disbursement are urged to promptly review their processes, rectify existing issues, and implement all necessary measures to expedite the completion of public investment disbursement tasks for 2024.
Crucial phase of public investment disbursement
Ha Noi is currently in a crucial phase of public investment disbursement, striving to maximize funding allocation so as to improve the efficiency of capital utilization, accelerate the development of infrastructure, and enhance the capital city's competitiveness.
According to data from the State Treasury of Ha Noi, as of October 31, the city had achieved 40.1 percent of its disbursement plan for basic construction assigned by the Prime Minister.
In 2024, the total public investment allocated to Ha Noi is set to increase by 53 percent compared to 2023. While these results are commendable, the volume of work required to meet the disbursement deadline remains substantial.
To achieve the goal of over 95 percent of disbursement, the municipal People's Committee has directed agencies, particularly those with large capital allocations, to take swift actions in project construction, strengthen strict discipline, and prompt settlement of obstacles and difficulties.
Additionally, agencies are urged to expedite payments as soon as work is completed, include public expenditure control in the responsibilities of the leaders of units, and publicly disclose monthly disbursement results.
The municipal Department of Planning and Investment reported on October 25 that there are still 33 agencies that have not met their commitments for public investment disbursement.
The total amount needed to be disbursed in the remaining months of this year is VND44.9 trillion (US$1.77 billion), or 55.4 percent of the planned capital.
Heavy task for 2024
In 2024, Ha Noi targets to implement around 100 projects to mark the 70th anniversary of Liberation Day. These projects valued over VND75 trillion. So far, the plan has been fullfilled around 75 percent.
Specifically, Ha Noi has 226 public investment projects on basic construction, consisting of 155 projects launched in previous years and invested with VND 205.5 trillion in total (including VND 24.4 trillion planned to be disbursed this year), and 71 new projects worth VND 7.2 trillion (including VND 1.1 trillion to be disbursed this year). Among them, there are 58 transport projects, accounting for 19.5 percent of the capital plan.
Key projects in the city are being accelerated so as to be completed on schedule.
As of early April, the Belt Road No. 4 project in the Capital Region, invested with about VND 12.6 trillion, had 9.6 percent of its workload done. Invested with over VND 7.2 trillion from the city's budget, the Hoang Cau - Voi Phuc section of the Belt Road No. 1 project (Phase 1) had 32.4 percent of its investment capital disbursed.
The project on upgrading the Ba La - Xuan Mai section of National Highway 6, with investment totalling VND 8.1 trillion funded by the city's budget, saw 7.5 percent of its capital plan allocated.
The city also disbursed about 7.3 percent of the VND 5.2 trillion in total investment for a project that builds a road connecting Thang Long Avenue with Ha Noi - Hoa Binh Expressway.
Meanwhile, the first phase of the Ha Noi Children's Hospital recorded 53.6 percent of its total investment, nearing VND 785 billion.
The Ha Noi Children's Palace project, worth over VND 1.3 trillion in total, had up to 75.8 percent of its capital plan allocated. The facility was open in the third quarter of this year./.
