Transport sector plans to reach public investment disbursement rate of 98% this year

Source: VNS

16:20 | 17/08/2024 Finance Follow english.haiquanonline.com.vn on

The Ministry of Transport plans to disburse 75.824 trillion VND (3.03 billion USD) or 98.5% of the allocated public investment to the ministry this year, according to the Department of Planning and Investment's report.

A road project using public investment in Kim Thanh district, Hai Duong province. The Ministry of Transport plans to disburse a sum worth 75.824 trillion VND (3.03 billion USD) or 98.5% of the allocated public investment to the ministry this year. (Photo: VNA)

As of the end of July, the ministry reports a disbursement rate of 49.2%, meaning that around 30.8 trillion VND had been disbursed.

As the sum of capital to be disbursed in the remaining months of this year remains large, at more than 45 trillion VND, the pressure to fulfil the public investment disbursement goal is significant.

Disbursement is being hampered too with numerous projects still in the process of completing investment procedures or facing with bottlenecks in site clearances, along with forecasts of unfavourable weather conditions on the way, the department said.

The department urged greater determination from developers and contractors to speed up the disbursement process and added they will be keeping close watch on progress.

In 2025, the ministry plans to disburse around 77.642 trillion VND worth of public investment, an increase of 5.175 trillion VND compared with the previous plan.

The total public investment planned to be allocated to the Ministry of Transport is 396.435 trillion VND in 2021-25 period./.

Source: VNS

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