Chairman of Long An People's Committee requests specific targets in disbursing capital for public investment projects

Chairman of the Provincial People's Committee - Nguyen Van Ut requires project investors to have specific targets in disbursing each project

Chairman of the Provincial People's Committee - Nguyen Van Ut assessed that the disbursement of public investment capital was still slow according to the proposed plan. He asked project investors to have specific targets in disbursing each project in particular, building disbursement targets by volume, specific progress for each quarter in general.

Specifically, the disbursement value of the whole province must reach 50 percent or more by the end of the second quarter; the disbursement value must reach 75 percent or more by the end of the third quarter and it must reach 100 percent by the end of the fourth quarter. This is one of the important political tasks in economic development.

Chairman of the Provincial People's Committee also agreed on the proposal of the Department of Planning and Investment by July this year, the investment items that have not completed the bidding procedures will be transferred to other projects with good construction progress and in need of additional capital. Investors who have not completed their tasks well will be reviewed for their responsibility.

The Chairman of the Provincial People's Committee also requested that investors continue to closely coordinate with localities to early hand over the completed site to speed up the construction progress in key projects with ground clearance problems.

The investors urgently submit and approve the settlement of completed projects according to regulations, review the request to transfer the remaining capital after the settlement to the project. For new start-up projects, expeditiously complete, complete documents, conduct bidding and start-up to ensure that in the second quarter, all projects have implementation volume and disbursement value.

Long An Vocational College's Administrative Block Project (phase 2) has good construction progress and disbursement in the first quarter

Information from the conference, the total development investment capital plan in 2021 the province has allocated to projects over 5,095 billion VND. As of April 21, the implementation volume value was 864.2 billion VND, reaching 16.9 percent of the plan; disbursement value was 720.7 billion VND, reaching 14.14 percent of the plan; compared with April 14, the disbursement rate increased by 0.48 percent.

Accordingly, the district managed capital is 1,631.9 billion VND. By April 21, the realized and disbursed volume value was 216.2 billion VND, reaching 13.25 percent of the year's plan. Capital managed by the province is 3,463.9 billion VND. By April 21, the implementation volume value was 648 billion VND, reaching 18.7 percent of the plan.

Some sources of capital as of April 21 had a low disbursement rate (less than 10 percent): foreign capital ODA (disbursement is 2.23 percent); and land use capital (disbursement is 6.39 percent).

For each investor, as of April 21, 2021, 3 investors disbursed over 30 percent of the plan, 8 investors disbursed from 20 percent to 30 percent of the plan, 10 investors disbursed less than 20 percent of the plan, 8 investors have not disbursed.

The reason for low disbursement is that in the first months of the year, investors mainly disburse capital plans of transition projects. In addition, the transitional projects also do not have much volume because by the end of 2020, the capital increase has been increased to disburse all the plans for 2020 under the direction of the Central and Provincial People's Committees. For new starting projects, investors are doing bidding procedures, bidding sellecion, bidding evaluation and contract negotiation, so the disbursement value is low.

At the conference, some difficulties and problems were raised, such as some on-going transition projects that still have problems with the construction site, so the construction progress is slow. Besides, 2021 is the first year of the mid-term plan 2021 - 2025 but the medium-term plan has not been officially approved. Project dossiers are mainly made to ensure capital allocation conditions, when being implemented, they must be reviewed and completed for suitability before organizing bidding according to regulations./.

By Mai Huong – Translated by Duc Tam

Source: https://baolongan.vn/chu-tich-ubnd-tinh-long-an-yeu-cau-co-chi-tieu-cu-the-trong-giai-ngan-von-cho-cac-du-an-dau-tu-cong-a113309.html