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Bac Giang adjusts capital plans to speed up public investment disbursement

Bac Giang adjusts capital plans to speed up public investment disbursement

Director of the Department of Planning and Investment of the northern province of Bac Giang Bui Thi Thu Thuy has affirmed that the locality will focus on removing obstacles to speed up disbursement and implementing public investment projects in the coming time.

Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)

Bac Giang (VNA) - Director of the Department of Planning and Investment of the northern province of Bac Giang Bui Thi Thu Thuy has affirmed that the locality will focus on removing obstacles to speed up disbursement and implementing public investment projects in the coming time.

The department has kept a close watch on the disbursement of capital for projects and promptly proposed authorised agencies to allocate remaining capital plans to programmes and projects when they meet the criteria.

Local authorities have also reviewed and flexibly adjusted capital plans for projects with slow disbursement to those with completed volumes and projects requiring additional funding to speed up implementation progress.

They have urged investors to accelerate the construction, complete acceptance tests promptly and payment for completed volumes, and facilitate procedures at the treasury for disbursement for subsequent projects as the set schedule, Thuy said.

The locality has said the heads of agencies and units are responsible for capital disbursement results, and promoting the construction progress of key projects in the area, especially transport infrastructure, health care, education, and national target programmes.

Bac Giang continues to effectively take activities of an inter-sectoral working group to promote the disbursement of public investment plan in 2024 in accordance with Decision No. 447/QD-UBND dated March 10, 2024, of the Chairman of the provincial People's Committee. The decision removes obstacles facing the disbursement of public investment in 2024 at departments, sectors, districts, communes.

Attention will be paid to inspection activities and removing difficulties in supplying construction materials, accelerating investment progress, making investment decisions, selecting contractors for investment projects, and supporting resettlement promptly in accordance with regulations to ensure compliance with the law and harmonise the interests of the State and people.

As of May 2024, the total public investment plan of Bac Giang had totaled over 9.61 trillion VND (over 377.45 million USD). The disbursement value of public investment capital in the locality topped 1.21 trillion VND (over 47.5 million USD), equal to 12.8% of the set plan.

In 2024, six new projects managed by the provincial-level units have been allocated funding, with two using the central budget and four the provincial budget./.

#Bac Giang#disbursement#public investment projects
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