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Public investment capital disbursement accelerated for key transport projects

The Ministry of Transport will remove difficulties in a timely manner, accelerate the pace, and ensure substantive public investment capital disbursement for key projects in the nation’s transportation sector.

A component project of the eastern North-South expressway under construction. (Photo: VietnamPlus)
A component project of the eastern North-South expressway under construction. (Photo: VietnamPlus)

Hanoi (VNA) - The Ministry of Transport will remove difficulties in a timely manner, accelerate the pace, and ensure substantive public investment capital disbursement for key projects in the nation’s transportation sector.

With the addition of personnel and machinery, a series of key transport projects of the Ministry of Transport are seeing an acceleration of pace and public investment capital disbursement.

More capital demanded for disbursement

The investor of the Van Phong – Nha Trang Highway project, Deputy Director of the Management Board of Project 7 Tran Dinh Tuyen said out of the nearly 3 trillion VND (about 117.8 million USD) allocated in early 2024, nearly 853 billion VND has been disbursed, or 29% of the total, and this is 8% more than the plan.

He said there are now about 1,900 workers and more than 1,000 vehicles working there, adding the board has asked for more capital for the project.

Director of the Management Board of the Quang Ngai – Hoai Nhon Highway Project Le Thang said out of the more than 3.566 trillion VND, 800 billion VND has been disbursed or 23% of the total, thanks to the efforts of 3,550 workers and over 1,500 vehicles.

The Ministry of Transport has added 1 trillion VND for the project to accelerate the capital disbursement plan, the official added.

Public investment capital disbursement accelerated 2.webp
Investors and contractors accelerating construction work to complete public investment capital disbursement goal. (Photo: VietnamPlus)

Director of the Management Board of Project 6 Tran Huu Hai said out of the 9.1 trillion VND in the 2024 capital plan, the board has disbursed more than 3.4 trillion VND, or nearly 38% of the total.

According to Tran Van Thi, Director of the Management Board of My Thuan Project, the Ministry of Transport has allocated 7.576 trillion VND as planned capital for the project this year and by May 12, the board had disbursed 1.885 trillion VND, representing 25% of the plan.

The official said by the end of May, the disbursement by the Management Board of the My Thuan Project is projected to reach 2.552 trillion VND, or nearly 33.7% of the plan for the whole year.

Managing Director of the Ham Nghi – Vung Ang Highway project Nguyen Khac Trung also said it has disbursed 522 billion VND, equivalent to 35% of the 1.5 trillion VND allocated for the whole year.

He affirmed that the project is sure to complete 100% of the disbursement plan as asked by leaders of the Ministry of Transport.

Further efforts needed to disburse 100% of capital allocation

A representative of the Planning-Investment Department under the Ministry of Transport said according to reports by investors and project management boards, by the end of May, the disbursement will reach 19.8 trillion VND, or 33% of the year’s plan, higher than the 29% recorded in the same period of last year.

Currently, most of the key transport projects, especially components of the North-south Highway project for 2021-2025, are accelerating progress in an effort to shorten the time by three to six months, and this means the disbursement of the capital will be quickened.

According to the representative, the ministry has been allocated 59.237 trillion VND for this year. On the basis of the need for disbursement and the progress of the projects, the ministry is asking relevant authorities to add another 8.680 trillion VND.

Public investment capital disbursement accelerated 3.webp
The Ministry of Transport has adjusted its capital plan to ensure sufficient capital for projects. (Photo: VietnamPlus)

To achieve the goal of disbursing 100% of the public investment capital plan, the ministry has asked investors to build detailed disbursement plans for each project. They have also been ordered to remove difficulties for the projects./.

VNA
#transport projects #Ministry of Transport #public investment #Van Phong – Nha Trang Highway #updated Vietnam news #Vietnamplus #Vietnam News Agency
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