Close-up of 3 projects in Ho Chi Minh City that have not yet repaid 1,200 billion in budget advances
Báo Dân trí•23/09/2024
(Dan Tri) - Ho Chi Minh City currently has about 125 projects with overdue budget advances of 1,666 billion VND. Of these, there are 3 projects with the highest total advance capital of more than 1,215 billion VND and no recovery measures have been taken.
The State Treasury of Ho Chi Minh City has reported to the City Department of Finance on the situation of advance payment and recovery of advance payment of public investment capital. Currently, Ho Chi Minh City has about 125 projects with overdue advance payment balance of VND1,666 billion. Of which, 3 projects have the highest total advance payment of more than VND1,215 billion and have not yet had any recovery measures. The Thu Thiem Bridge project, invested by the City Traffic Construction Investment Management Board, currently has a surplus of 118 billion VND. Initially, this project was named Thu Thiem 1 Bridge, connecting Ngo Tat To and Nguyen Huu Canh Streets (Binh Thanh District) to Thu Thiem Urban Area. Later, the bridge was renamed Thu Thiem.
This project started in 2005 and has been put into operation since 2008 with a length of more than 1.2 km, 6 lanes, and a total investment of more than 1,000 billion VND. The Le Thanh Ton extended road construction project, invested by Thanh Nien Xung Phong Public Service Company Limited, currently has a surplus of 463 billion VND. The capital advances for all projects were made under the direction of the Ho Chi Minh City People's Committee, but so far there has been no recovery measure. The Le Thanh Ton Street project started in May 1997 and was later renamed Nguyen Huu Canh Street, opening to traffic in 2002. In addition, there are a number of projects whose investors have gone bankrupt; projects that have been postponed or suspended; projects with remaining costs for the total relocation package. The project of compensation, site clearance and resettlement of the High-Tech Park (Thu Duc City), invested by the Management Board of Investment and Construction Projects of the High-Tech Park of Ho Chi Minh City, currently has a surplus of 634 billion VND. This project started in 2004, exactly 20 years ago.
According to Dan Tri reporters, some projects at the Ho Chi Minh City High-Tech Park are still "covered", with no signs of construction. The State Treasury of Ho Chi Minh City requested investors to urgently study, propose and report to competent authorities on how to handle the advance payment balance according to the conclusions of the State Audit and the Government Inspectorate for 3 projects with overdue advance payment balance. For projects whose management boards have dissolved, postponed, or stopped implementation, or whose contractors have gone bankrupt, investors need to urgently report to competent authorities to clarify the responsibilities of relevant organizations and individuals, thereby having a plan to handle the overdue advance payment balance. At the same time, the State Treasury of Ho Chi Minh City recommended that the Department of Finance advise the City People's Committee to request the Ministry of Finance to continue to issue strong enough sanctions to handle and review investors and management boards whose projects have overdue advance capital.
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