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Focus on removing difficulties, speeding up the disbursement progress of public investment capital

Wednesday, 17/05/2017

The public investment sector is always concerned, directed by the provincial Party Committee and the provincial People's Council in the direction of concentrated investment, priority for completed projects, transitional ones and concentrating the investment capital for the new construction of key projects, creating motivation for the economic development and ensuring the social security. However, the disbursement of public investment capital in the first 3 months of 2017 was only under 20% of the plan. Therefore, for the remaining time of 2017, the departments, agencies and localities will concentrate on the solutions to remove difficulties and speed up the disbursement progress of public investment capital to contribute to the successful implementation of socio- economic goals.

The progress of the project of Nguyen Tat Thanh road stretching through Thien Ke commune (Binh Xuyen) is being accelerated by the contractor.

As reported by the provincial People's Committee, in 2017, the total public investment capital of the province reached nearly VND 6,730 billion, arranged for 756 works, including: 147 completed works, 361 transition and 248 new ones. From the beginning of the year, the province has made a detailed allocation of public investment capital to each field and project; this is the first year the province has fully distributed the capital of basic construction plans in the first quarter. Up to March 31th, 2017, the province disbursed VND 1,150 billion, accounting for 17.1% of the annual plan and 96 % compared to the same period of 2016. In which, the disbursement through the State treasury system reached nearly VND 968 billion; the direct capital of nearly VND 193 billion. Thus, comparing to the planned targets, the disbursement capital is low, especially the key projects and the ones having large total investment capital such as Vinh Phuc General Hospital, Vinh Phuc Obstetrics and Children's Hospital, Nguyen Tat Thanh road stretching (through Thang Long Vinh Phuc Industrial Park), the road paralleling with the south railway ...

According to Mr. Do Dinh Viet, Director of the Planning and Investment Department, in 2017, the province allocated the capital for 36 key projects, in which, debt payment of capital construction for 10 completed projects, 17 transition projects and 9 new ones. However, due to many difficulties, in the first three months, the province disbursed more than VND 40.6 billion, equal to 3.3% of the yearly plan. The reason was that new investment projects in 2017 were selecting the contractors. The number of transition projects from 2016 was much so the disbursement for the projects and works completed in the first 3 months was taken from the advance capital of the previous year. Besides, many projects were facing to a lot of difficulties in compensation and site clearance such as the project of the road parallel with Hanoi-Lao Cai railway; Province 301 road project from National Highway 2A to Nguyen Tat Thanh street; The section from Hop Chau-Dao Tu to the button of Vinh Yen; Highway 2B from Chan Suoi bridge to Tam Dao town ... so the investors had no ground to execute the projects yet.

With the detailed divestiture capital plan for the districts, city, town from the beginning of 2017 to 3/31/2017, the districts in the province disbursed more than VND 347 billion of public investment capital, equaling to 23% of the plan. In which, Yen Lac district is the locality with the highest disbursement rate. With more than VND 137 billion of the allocated plan capital, Yen Lac detailedly distributed 137 projects. In the first three months, the local disbursed VND 54.4 billion / VND 137.2 billion, equal to 39% of the plan. Then, Song Lo district accounted for 32.7%; Lap Thach district reached 26%; Vinh Tuong district: 25%; Phuc Yen town and Binh Xuyen district: 21.9%. The district having the lowest disbursement rate is Tam Duong with 9.8%. In the first three months of the year, the locality only disbursed VND 12.5 million/ VND 127.5 million for 71 projects.

For the investors, strictly controlling the projects’ dossier, the construction drawing design and cost estimate before submitting them to authorities for the evaluation and approval to shorten the time carrying out the investment procedures; speeding up the compensation and ground clearance so that the new ground-breaking projects must have ground before organizing the bidding. With new start-up projects, expeditiously completing the procedures for elaboration, appraisal and approval of the construction drawings and projects; the projects were allocated capital in and before January 2017, the bidding will be made to select the construction unit before April 30th (for the projects with no bidding for design consultancy) and before 6/30/2017 (for the projects with bidding for design consultancy). At the same time, resolutely handling strictly the organizations and individuals violating and deliberately hindering, causing difficulties, delaying the implementation progress or disbursing the public investment capital plan.

Vinh Phuc News


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