Nghe An: Public investment disbursement reaches 52.6%

Specifically, disbursements from the central government budget amounted to VND 2,283.054 billion, reaching 53.45%, including VND 2,189.328 billion from domestic sources (57.78%) and VND 93.726 billion from foreign sources (19.44%). Disbursements from local government budgets totaled VND 771.251 billion, reaching 50.39%. If we include both central government and program funds...National TargetsFor newly allocated funds, the overall disbursement rate reached 41.03%.

Construction of the Hung Duc bridge over the Lam River, part of the North-South Expressway Eastern section. Photo: Nguyen Hai

Previously, based on directives, encouragement, and commitments from beneficiary units, it was projected that by the end of 2022, the total concentrated public investment capital would disburse approximately 92.59% of the initial plan, of which domestic capital would reach 94.68% and foreign capital 69.52%. If including central government budget funds and newly allocated funds from National Target Programs, and commitments from participating units, the estimated disbursement rate would reach 87.14%.

According to a representative from the Nghe An Department of Transport, which accounts for the largest amount of public investment in the province, the department has directed project management units and contractors to accelerate construction progress to compensate for the time lost due to flooding during the rainy season.

Construction of the Lạch Quèn bridge piers connecting the coastal route from Thanh Hóa to Nghệ An. Photo: Nguyễn Hải

As a result, the progress of some key projects has improved. Some projects, such as the National Highway...coastal roadThe section from Nghi Son (Thanh Hoa) to Cua Lo (Nghe An), from Km7 to Km76, has disbursed 1,573.235 billion VND out of a planned 1,830 billion VND, reaching 85.97%; the road from Muong Xen to Ta Do and Khe Kien has disbursed 143.079 billion VND out of a planned 175.23 billion VND, reaching 81.65%, and is expected to be completed in 2022.

Road repairs are underway on the road from Muong Xen town center to Muong Long commune, Ky Son district. Photo: Nguyen Hai

Since the beginning of November, along with continuously issuing directives, the Provincial People's Committee has established working groups to conduct on-site inspections of 24 projects, work with 13 localities and a number of investors to guide the resolution of difficulties and obstacles, and accelerate the disbursement progress.

However, the disbursement of public investment funds in the area has yet to see a breakthrough.

As of November 15th, five units still lacked projects with completed documentation and procedures for capital allocation: Ky Son, Thai Hoa, the Department of Labor, War Invalids and Social Affairs, the Department of Culture and Sports, and the Department of Education and Training.

At meetings to monitor the progress of public investment, the Provincial People's Committee has decisively pointed out the causes, such as: Weaknesses in land clearance and the preparation of investment documents for new projects. These are the main reasons for the excessively slow disbursement of public investment.

In addition, there are other reasons such as: the sharp increase in the prices of materials, raw materials for leveling, gasoline, and oil, causing difficulties for contractors, forcing them to wait for the competent authorities to adjust the total investment amount...