Finance - Banking

Hai Duong accelerates to the finish line of public investment disbursement

HA VY January 15, 2025 05:29

Despite many difficulties, with synchronous solutions, up to now, Hai Duong has basically completed the targets and plans for disbursing public investment capital of the province in 2024, far exceeding the plan assigned by the Prime Minister.

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Construction and installation of median strips and flower beds under the Project to Improve and Upgrade Provincial Road 391 throughTu Ky district

Sprint

At the end of November 2024, Kim Thanh district had just disbursed more than 100 billion VND out of a total of more than 360 billion VND of public investment capital to clear the site for the Project to build an interchange connecting National Highway 17B with National Highway 5, Hanoi - Hai Phong railway in Kim Xuyen commune.

Faced with the requirement to complete the disbursement of 100% of the allocated capital before January 31, 2025, Kim Thanh district has directed the District Compensation, Support and Resettlement Council and socio-political organizations from the district to the grassroots level to actively participate in propaganda and mobilization so that people whose land is recovered agree and hand over the site.

The district organizes meetings and dialogues to listen to people's opinions to find a common voice. Along with the State's support policies, the district also builds other support plans for people whose land is recovered...

Thanks to that, by early January 2025, Kim Thanh district had basically completed site clearance for the above project and completed disbursement of more than 360 billion VND of public investment capital, 1 month ahead of schedule. Currently, the project has been implemented by the construction unit.

The Hai Duong Province East-West Axis Road Construction Investment Project started construction in April 2022, with the Provincial Construction Investment Project Management Board as the investor. Up to now, over 1,500 billion VND has been disbursed, reaching about 85% of the total investment, ensuring the set requirements. Currently, the construction unit is completing the final items, some areas are completing the construction of the traffic safety system; striving to open the entire route before the Lunar New Year 2025.

According to the representative of the project contractor, despite facing many difficulties due to the scarcity of construction materials and the impact of storm No. 3, the unit has proactively sought alternative sources and arranged reasonable working shifts to speed up construction.

Many drastic measures

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DThe project to build an interchange connecting National Highway 17B with National Highway 5 and the Hanoi - Hai Phong railway in Kim Xuyen commune has been handed over to the investor and the construction unit to start construction.

In 2024, Hai Duong City was assigned to disburse more than 775 billion VND in public investment capital, of which land clearance capital alone accounted for over 40%. The large land clearance disbursement capital caused many difficulties for the locality.

Hai Duong City has promptly developed a capital disbursement scenario for each month and quarter, clearly identifying capital needs for each project category from the time of proposing the policy until having a specific plan. In site clearance, Hai Duong City clearly defines the implementation progress, clearly identifies the person in charge and directing the implementation; assigns responsibility to each individual and unit for the progress of site clearance for each project.

Hai Duong City also strengthens inspection and supervision of the implementation process of each agency and unit. Agencies and units periodically report on the progress of site clearance and disbursement of public investment capital to the City People's Committee to promptly resolve difficulties and problems. Thanks to that, Hai Duong City has so far disbursed over 95% of the total public investment capital in 2024, making it one of the localities with the highest disbursement rate in the province.

In 2024, the Tu Ky District Construction Investment Project Management Board was assigned nearly 68 billion VND to implement 20 works and projects. By early October, the unit had only disbursed about 50% of the assigned capital plan.

To ensure the disbursement target, the unit regularly inspects and supervises projects and works under construction. Urgently completes payment procedures and project acceptance. At the same time, actively coordinates with specialized agencies to shorten the appraisal time so that new projects can start construction soon. By January 9, the Tu Ky District Construction Investment Project Management Board had disbursed about 60 billion VND, reaching 88%; over 70% of projects and works have completed the disbursement of assigned capital.

Regularly check and urge

Identifying the biggest bottleneck in disbursing public investment capital as site clearance, leaders from the province to the grassroots level have closely monitored and regularly inspected and urged compensation and site clearance work in each locality, unit, construction, and specific project.

Another difficulty is that in early September 2024, Hai Duong in particular and the northern provinces in general were severely affected by storm No. 3. For a long time after that, the province had to concentrate on overcoming the consequences of the storm and floods, causing the construction progress and implementation of many works and projects to stagnate. At the same time, the 2024 Land Law took effect with many new points that significantly affected the implementation of projects, especially those that required site clearance.

Faced with urgent requirements for disbursement of public investment capital (striving to reach over 95%) as directed by the Prime Minister, the Chairman of the Provincial People's Committee has requested departments, branches, units, localities, and investors to accelerate the completion of investment preparation procedures, establish, appraise, and approve designs and project estimates. Accelerate the progress of site clearance, approve compensation plans, and site clearance for projects that meet the prescribed conditions. Urgently organize the selection of contractors, sign project implementation contracts, and accelerate project construction progress. For projects and project items that meet the disbursement conditions, promptly carry out procedures to disburse capital.

Units and localities also regularly review and evaluate investment progress and capital disbursement capacity. From there, they have a basis for timely adjustment of capital plans.

Thanks to the above synchronous solutions, the province's public investment disbursement has made spectacular breakthroughs. While at the end of September 2024, the whole province had only disbursed more than 2,000 billion VND, many projects managed by the province did not have disbursement data, by January 10, the whole province had disbursed more than 8,300 billion VND, reaching about 90% of the province's plan, exceeding 20.1% of the plan assigned by the Prime Minister.

In 2025, Hai Duong strives to disburse more than 10,400 billion VND in public investment capital for the whole province. To be proactive and avoid "sprinting" to disburse capital in the last months of the year like previous years, the Provincial People's Committee has developed detailed scenarios for each month and each quarter; units and localities, based on their functions and tasks, develop specific plans and scenarios...

HA VY
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Hai Duong accelerates to the finish line of public investment disbursement