Nghe An has disbursed more than 3.2 trillion VND of public investment capital.

To speed up the disbursement of the 2019 public investment plan, the province has actively implemented and issued directives and management documents to the grassroots level. In particular, the province has established a Working Group to direct and promote the growth of sectors and fields to achieve the 2019 growth target, including the Basic Construction Group to urge the disbursement progress.

National online conference on promoting the allocation and disbursement of public investment capital in 2019 on the morning of September 26 at Nghe An bridge. Photo: Thanh Le

For key projects such as Vinh - Cua Lo Boulevard, coastal road, Cua Hoi bridge, site clearance for the North - South expressway, the province has focused on directing, urging, regularly inspecting the site as well as holding meetings to discuss solutions to speed up progress.

Currently, the Provincial People's Committee is submitting to the Provincial People's Council a policy of land auction to create investment sources for key projects, especially to use part of the budget.

The disbursement result of the province's public investment plan in the first 9 months of the year reached 3,272,737 billion. The National Assembly's plan assigned 4,382,001 billion VND; the Prime Minister's plan assigned: 4,356,011 billion VND. Nghe An is 1/14 provinces nationwide with a disbursement rate of more than 70%.

In particular, some program sources achieved quite well such as local budget balance source according to scoring criteria 66.93%, national target program source 62.76%... many district and sector units in the province had disbursement rate of over 80%.

Director of the Department of Planning and Investment Nguyen Van Do assessed that, besides the achieved results, the work of assigning plans and disbursing public investment capital in the area still faces some shortcomings and limitations.

Up to now, the province still has 56 billion VND of central budget capital that has not been allocated in detail, including the project to upgrade and expand Nghe An Radio and Television Station (20 billion VND). In addition, there is an urgent project under the National Program (30 billion VND), the Prime Minister has approved the investment policy on September 20, 2019, the province is focusing on implementing the project approval to receive timely capital allocation and disbursement within the year.

Planning of Vinh - Cua Lo Boulevard. Photo by Thanh Le

"Nghe An province sets a target for sectors and districts to strive for a disbursement rate of 96-100% by the end of 2019" - Director of the Department of Planning and Investment Nguyen Van Do affirmed.