On December 25, information from the Department of Planning and Investment of Lao Cai province, as of mid-December 2024, the total disbursement value of the province reached 3,954/6,588 billion VND, equal to 60% of the plan, the total undisbursed public investment capital in 2024 to date is 2,633 billion VND.
The slow disbursement progress mainly focuses on projects, including: Border bridge across the Red River in Ban Vuoc commune and connecting infrastructure, building new hospitals in Bac Ha, Bat Xat, Van Ban districts, the project of connecting the Noi Bai - Lao Cai expressway to Sa Pa town under the form of BOT contract, Renovation and upgrading of the Ban Xeo - Den Sang - Y Ty road, Bat Xat district...
Accordingly, in addition to the objective reasons pointed out, the disbursement progress of the 2024 public investment capital plan is slow due to many subjective reasons under the responsibility of the Departments, branches, People's Committees of districts, towns, cities, and investors.
To disburse public investment capital in 2024 to reach the target of over 95%, Chairman of Lao Cai Provincial People's Committee Trinh Xuan Truong requested that departments, branches, districts, towns, cities, and Project Management Boards tighten discipline and order associated with the sense of responsibility of unit heads in the process of handling documents; acceptance - payment; coordination for opinions; extension of contract implementation time.
Units proactively review and evaluate the disbursement capacity of each project, carry out the fastest acceptance and payment procedures for completed volume on a weekly basis; synthesize the additional capital needs of the projects, propose plans to report to the Department of Planning and Investment for synthesis and submission to the Provincial People's Committee for approval of plan adjustments.
In addition, focus on accelerating site clearance, prioritizing the allocation of sufficient funds for compensation and site clearance. When the site is available, the Investor and Project Management Board direct the contractor to increase human and material resources to speed up project construction.
Regarding this, the Chairman of Lao Cai Provincial People's Committee affirmed that the province will handle the responsibility of the head of the investor if the projects have their capital withdrawn by the Central Government.
