More than 3,000 public investment projects are not stuck in procedures but disbursement is slow.

Ho Chi Minh City has more than 3,000 projects using public investment capital, although there are no problems with investment procedures, the actual disbursement situation at the projects is still very sluggish.

Ho Chi Minh City: More than 3,000 public investment projects have no procedural problems but disbursement is slow.

Ho Chi Minh City has more than 3,000 projects using public investment capital, although there are no problems with investment procedures, the actual disbursement situation at the projects is still very sluggish.

The Department of Planning and Investment of Ho Chi Minh City has just sent a report to the City People's Committee updating the situation of public investment disbursement throughout the city.

According to the report as of November 8, 2024, the total public investment capital disbursed in the City is 18,635 billion VND, reaching 23.5% of the total public investment capital assigned by the Prime Minister in 2024, which is 79,263 billion VND.

The Ring Road 3 project in Ho Chi Minh City is invested with state budget capital. Photo: Le Anh

With the above disbursement results, the Department of Planning and Investment assessed that the City's disbursement results have not met the set plan (the plan set for the end of October 2024 is to disburse 20,584 billion VND, reaching a rate of 26%).

To achieve the proposed disbursement plan, the Department of Planning and Investment classifies projects into problem groups to come up with appropriate solutions.

Notably, through the review, there are more than 3,000 projects without investment procedure problems, the expected disbursement capital in 2024 is 31,286 billion VND. However, by the end of October 2024, only 13,500 billion VND has been disbursed.

The Department of Planning and Investment believes that for projects in this group, there are no problems with investment procedures, so the project investor is fully responsible for disbursing according to the proposed plan.

At the public investment disbursement meetings, the units have rebuilt and updated the monthly disbursement plan from now until the end of the 2024 planning year (end of January 2025), but 6 units have not yet sent documents to update the disbursement plan.

For key projects, the City People's Committee directs investors to be responsible for daily updating of disbursement progress on the management software system, but the reporting units on the software system mainly focus on coordination steps between departments, districts and counties on investment procedures.

The tasks under the authority of the investor are not reported, so the role and responsibility of the investor in determining when to disburse the reported capital and the investor's solutions to ensure disbursement according to the established plan are not clearly shown.

Therefore, the Department of Planning and Investment recommends that the City People's Committee request investors to make detailed reports on bidding progress, construction and capital disbursement according to specific timelines, clearly defining the authority and responsibility of the Department, industry and especially the role of investors in each task.

Source: https://baodautu.vn/tphcm-hon-3000-du-an-dau-tu-cong-khong-vuong-thu-tuc-nhung-giai-ngan-i-ach-d230818.html