Disbursement of public investment capital in 2021 in Nghe An is estimated to reach over 93% of the assigned plan.

As of November 20, 2021, the provincial concentrated public investment capital has disbursed VND 2,101,886 billion, reaching 66.47% of the plan assigned at the beginning of the year. Of which, domestic capital has disbursed 74.95%. Some sources have achieved quite well, such as the central budget reaching 81.63%, land use revenue reaching 77.39%. The estimated disbursement by the end of 2021 is 93.09% of the plan assigned at the beginning of the year.

Some units have disbursed over 80% such as the Management Board of the Southeast Economic Zone, the Provincial Police, the districts of Con Cuong, Ky Son, Tuong Duong, Nghia Dan, Tan Ky, Thanh Chuong, Nam Dan, Dien Chau and Vinh city.

Simulated image of the North-South expressway, Dien Chau - Bai Vot section. Compared to other traffic projects, the North-South expressway has a higher elevation, so it requires a large amount of earth and rock for filling. Photo: Document

Progress of some key projects: Coastal Road Project section Km76 - Km83+500 has disbursed 74,701 billion VND/plan 120 billion VND, reaching 62.25%; Muong Xen - Ta Do - Khe Kien Road Project has disbursed 121,528 billion VND/plan 149.7 billion VND, reaching 81.18%; Vinh - Cua Lo Road Project (phase 1) has disbursed public investment capital in 2021 76,093 billion VND/plan 100 billion, reaching 76.09% of the plan.

Despite the strong direction and focus, the disbursement rate of the whole province as of November 20 only reached 57.63% of the total assigned plan. In particular, the newly disbursed foreign capital source was 193,891 billion VND, reaching 31.46%, much lower than the same period (51.34%). The capital planned for the previous year extended to 2021 and only disbursed 51.41%.

Some sectoral units and districts are still slow in disbursing funds, such as the Northern Nghe An Vocational College of Economics and Technology, the Ministry of Transport, Nghe An Provincial Youth Union, the Department of Rural Development, the Provincial Military Command, Nghe An Oncology Hospital, Do Luong, Cua Lo Town, etc.

Compensation and site clearance work still has many problems such as unit prices, determining land origin... which are major problems affecting the progress of implementation and capital disbursement... The situation of long-term outstanding advances that have not been recovered and the backlog of completed projects that have not been settled is still large.

According to the announcement of the Ministry of Planning and Investment, the expected plan for 2022 is 9,389.98 billion VND of the State budget of Nghe An province, of which the central budget is 4,271.3 billion VND; the local budget is 5,118.68 billion VND.

Nghe An province strives to achieve a disbursement rate of 95%-100% in 2022 with the goal of improving the efficiency of public investment capital use, speeding up the construction progress of key infrastructure projects, contributing to promoting growth and ensuring social security.