MoF publishes disbursement key projects in the Transport sector

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Illustrative photo: Internet

Accordingly, in order for the Ministry of Transport and localities to promptly provide solutions to expedite the implementation progress and disbursement of public investment in 2024 and central budget reserve capital in 2023 under Decision No. 1162/QD-TTg dated October 8, 2023 of the Prime Minister, the MoF publicizes disbursement of works and projects.

Specially, the MoF publicizes disbursement of the public investment plan for 2024 until June 13, 2024 of 38 key national works and projects and in the Transport industry.

Accordingly, the total allocated capital in 2024 is VND107,887.8 billion (the domestic capital at VND105,462.9 billion, and the foreign capital at VND2,424.9 billion).

As of June 12, 29,515.2 billion was disbursed, reaching 27.4% of the plan (the domestic capital at VND 28,243.5 billion, meeting 26.8% of the plan; the foreign capital at 1,271.7 billion, reaching 52.4% of the plan).

In addition, the MoF also announces disbursement the public investment plan for 2024 until June 13 for 86 inter-regional transport projects managed by 61 localities.

Accordingly, the total allocated capital is VND28,041.9 billion (the central budget capital at VND19,904.8 billion; the local budget capital at VND8,137.1 billion).

As of June 12, VND 4,833.9 billion was disbursed, reaching 17.2% of the plan (the central budget at VND 3,278 billion, reaching 16.5% of the plan; local budget at VND1,556 billion, reaching 19.1% of the plan).

The MoF publicly disbursed the central budget reserve capital in 2023 (under Decision 1162/QD-TTg) until June 18, 2024 for 21 river and sea erosion projects managed by the Mekong Delta provinces.

To speed up progress, the MoF requests the Provincial People's Committees to fully allocate the local budget capital plan in 2024 for projects under Resolution No. 44/NQ-CP dated April 5, 2024 of the Government's regular meeting in March 2024 and an online conference between the Government and localities to ensure that the projects meet capital needs and are implemented on schedule approved by competent authorities.

At the same time, the MoF directs the Provincial People's Committees urgently allocate the central budget capital plan in 2024 from the increase in central budget revenue in 2022 for implementation.

The MoF asks the Ministry of Transport and the Provincial People's Committees to drastically implement solutions to promote disbursement of public investment in accordance with the Government's resolutions and Official Telegram No. 24/CD-TTg dated March 22, 2024 of the Prime Minister on accelerating the progress of allocation and disbursement of public investment in 2024; and directs investors, departments, branches, contractors and relevant agencies to review and expedite the progress of projects and the control and payment of public investment.

Along with that, it is necessary to speed up disbursement procedures for public investment for projects that have not yet been disbursed and have a disbursement rate lower than the average rate of the country. The MoF has announced monthly, proactively reviewed and transferred capital between projects that are unable to disburse or disbursed slowly to projects that have better disbursement ability and need additional capital…

At the same time, the MoF requests units to make advances, recover advances, accept and pay investment capital in accordance with regulations and as soon as the volume is available; implement advance payment, level of advance capital and recovery of advance capital as per the provisions of Article 10 of Decree No. 99/2021/ND-CP dated November 11, 2021 of the Government stipulating management, payment, and final settlement of investment funds for publicly-funded projects, ensuring effective use, avoiding loss and waste of assigned state budget capital.

The Ministry recommends Mekong Delta provinces to strictly follow the Prime Minister's direction in Decision No. 1162/QD-TTg dated October 8, 2023 of the Prime Minister and complete river and sea erosion projects no later than December 31, 2024; and to implement the disbursement of additional central budget reserve capital for 2023 no later than December 31, 2024.