Disbursement of public investment capital in Nghe An has reached over 54%.
As of September 20th, the total public investment plan for 2024 in Nghe An province has disbursed 5,022 billion VND, reaching 54.14%.
According to the Department of Planning and Investment, identifying the disbursement of public investment capital as one of the key political tasks of 2024, from the beginning of the year, the Provincial People's Committee has decisively directed all levels and sectors to implement many solutions to accelerate the disbursement progress.
As of September 20th, the total public investment plan for 2024 in Nghe An province has disbursed 5,022 billion VND, reaching 54.14%, of which, the disbursement rate for centrally managed public investment is 48.09%; and the disbursement rate for long-term capital plans is 34.09%.
Within the province, 36 units achieved disbursement rates above the provincial average, with 24 units exceeding 60%, including: Hoang Mai Town (85.89%), Vinh City (79.68%), Dien Chau (79.59%), Thanh Chuong (62.33%), Tan Ky (62.07%), Do Luong (61.68%), Cua Lo (60.47%), Quynh Luu (60.15%), Provincial Police (75.13%), Southeast Economic Zone Management Board (70.37%), Department of Internal Affairs (70.11%)...
By project, 68 out of 158 projects have disbursed over 60% of their funds, with 38 projects having essentially completed their disbursement plan, reaching over 90%.
Regarding key inter-regional projects and socio-economic recovery and development programs, the coastal road project from Nghi Son (Thanh Hoa) to Cua Lo (Nghe An) has so far disbursed 369.288 billion VND, reaching 54.15%.
The Nghe An Oncology Hospital Project (phase 2) has disbursed VND 129.947 billion, reaching 46.41%; 4 projects under the Socio-Economic Recovery and Development Program have disbursed VND 142.503 billion, reaching 54.08%.
Although the province's disbursement rate is quite positive, the Department of Planning and Investment assesses that the rate of increase in disbursement tends to slow down.
Some funding sources are still disbursed slowly, such as: Central government budget - domestic capital (45.17%), national target program for socio-economic development in ethnic minority and mountainous areas (36.87%), national target program for sustainable poverty reduction (18.97%), and extended capital (34.09%).
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Currently, there are still 32 agencies and units in the province whose disbursement is below the provincial average, including one unit, the Phuc Son Voluntary Drug Rehabilitation Center, which has not yet disbursed any funds.
66 projects funded by the centralized public investment program have disbursement rates below average, including 12 projects that have not been disbursed at all; 114 projects under the national target program have not been disbursed.
The districts and units of Ky Son, Que Phong, Tuong Duong, Con Cuong, Quy Chau, the Department of Transport, the Provincial Project Management Board for Investment and Construction of Civil and Industrial Works, and the Nghe An Oncology Hospital have a large amount of remaining undisbursed capital.
Among the reasons, land clearance work continues to affect the implementation progress. Some investors have not been proactive in carrying out construction and completing payment procedures.
Acknowledging the disbursement results for the first nine months of the year, Chairman of the Provincial People's Committee Nguyen Duc Trung requested that in the coming period, departments, localities, and investors should focus on accelerating the disbursement of public investment capital, resolving difficulties and obstacles related to bidding, land clearance, and preventing corruption, losses, and waste.
The Department of Planning and Investment proactively reviews and reallocates capital from projects that have not yet disbursed funds or are disbursing slowly to projects with good disbursement progress; and develops the 2025 public investment plan to ensure quality, efficiency, and timely completion.
