HCMC – To realize its 2024 public investment capital disbursement, HCMC will have to disburse a staggering VND63 trillion by the end of January 2025, said the city government leader.
Speaking at a conference of the HCMC Party Committee’s executive board today, October 8, Phan Van Mai, chairman of the city’s People’s Committee, said that among the key tasks which the city would have to do in the remainder of this year, the disbursement of public investment capital is a top priority.
In the year to date, a mere VND16 trillion has been disbursed, he said.
The VND63 trillion amount is allocated to five groups of projects, with the group of land clearance projects alone requiring about VND30 trillion.
“After review, we can disburse about VND28 trillion for this group,” he said. “VND13 trillion of the amount will go to the Rach Xuyen Tam project; more than VND5 trillion to the North Bank of Kenh Doi project; about VND7.6 trillion to the Ring Road 2 project through Thu Duc City.”
The next group of projects that have seen lower-than-expected public investment disbursement consists of projects that have started this year, accounting for VND8 trillion.
The city also has some slow-moving projects under the jurisdiction of the central Government. Specifically, the VND10 trillion flood control project has not yet disbursed VND6.8 trillion and the Metro Line 1 project also needs to disburse about VND3.8 trillion.
In his concluding remarks at the conference, HCMC Party Secretary Nguyen Van Nen requested relevant departments and agencies to focus on addressing issues with public investment activity. This is the highest priority of the HCMC Party Committee in the fourth quarter of this year.
“We have only 80 days left, so we need to get things done with the highest effort and determination,” Nen stressed.
