Hai Duong creates momentum for disbursement of public investment capital

Speed ​​up construction

The project to renovate, upgrade and expand the road surface of 391 in Tu Ky district is being implemented by Phuong Hoang Construction and Trading Joint Stock Company with maximum mobilization of workers and machinery to speed up the progress. This renovate, upgrade and expand road section is about 4 km long, the contractor is organizing 5 construction teams at locations where the land has been handed over. Overcoming difficulties in the source of filling materials, the construction unit is speeding up construction to have enough volume to serve the capital disbursement work. By the end of February, the contractor had completed 45% of the work volume, disbursing about 20 billion VND. Mr. Tran Khanh Van, Project Site Commander, said that as soon as the Tet holiday ended, the contractor arranged more than 40 engineers and workers to immediately start implementing the project. "We have a specific plan for the construction progress and completed the capital disbursement procedures, ensuring the volume of work meets the disbursement requirements," Mr. Van committed.

At the Bac Hung Hai bridge construction site of the East-West axis road project, the construction unit, Investment and Construction Joint Stock Company No. 18, also arranged suitable shifts and urgently built the bridge. Started in February 2023, the Bac Hung Hai bridge has now reached 60% of the volume. It is expected that in May 2024, the contractor will complete the construction and hand over the project to the investor. Mr. Tran Van Tuan, Head of the Bac Hung Hai bridge construction team, said that the total construction value of this project is 174 billion VND. During the construction process, the contractor always ensures the volume of work according to each specific time frame to ensure conditions for capital disbursement. Speeding up the disbursement progress helps the construction unit to proactively source funds to carry out the next steps of the project.

According to the Provincial Statistics Office, in the first two months of 2024, the province's public investment disbursement is estimated at VND 497 billion, up 1.4% over the same period last year, reaching 7.9% of the assigned capital plan. The positive disbursement rate from the first months of the year shows the proactiveness, positivity and determination of agencies and units in accelerating the construction of field projects.

Urgent investment preparation

In addition to speeding up the construction of projects carried over from the previous year to have payment volume, the units assigned to be investors of new projects also urgently implemented investment steps. Early on, the province assigned detailed public investment plans with local budget capital of more than VND 5,700 billion and central budget capital of nearly VND 630 billion. In addition, the province's advisory agencies have strengthened the review, assessment, and forecast of capital sources to promptly propose adjustments to the medium-term public investment capital for 2021-2025 and 2024. This is a prerequisite for the province to be able to disburse public investment capital smoothly, with few barriers.

As of February 20, the Provincial Investment Project Management Board was assigned to be the investor of 27 projects using public investment capital in 2024 with a total allocated capital of more than VND 2,300 billion. Clearly identifying factors that may affect capital disbursement progress, the board has proactively implemented solutions, starting from the investment preparation steps. The quality of investment preparation is a measure of the feasibility and effectiveness of the project. Therefore, the project management board implements a clear and specific mechanism of assignment and coordination of authority and responsibility among agencies and units in completing project investment procedures.

Recently, the Department of Planning and Investment issued a document urging the agencies assigned to prepare investment proposal reports for projects to promptly carry out investment procedures according to regulations. Through review, the province currently has 28 projects that have been approved for investment but have not yet been approved for projects, and 10 projects that have not yet been approved for investment. For projects that have not yet been approved for investment, the unit assigned to prepare the proposal report will urgently organize the preparation, submit for appraisal, complete the dossier and send it to the Department of Planning and Investment for synthesis, report to the Provincial People's Committee for consideration, and submit to the Provincial People's Council for approval. For projects that have been approved for investment but have not yet been approved for investment, the investor is responsible for carrying out survey procedures, preparing a feasibility study report, a technical-economic report for appraisal, completing the project dossier according to the appraisal results, and submitting for approval according to regulations. Approved investment projects must implement the project according to the approved content and schedule and disburse 100% of the capital plan allocated for the project.