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Thursday, June 20, 2024

HCMC seeks to cut 30% off public investment project procedures

By Truc Dao

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HCMC – HCMC has mandated a 30% reduction in the time required for handling procedures related to public investment projects.

Phan Van Mai, chairman of the city’s People’s Committee, recently issued a directive addressing delays caused by subjective reasons, applying to various city departments.

Leaders of the city-managed construction and investment project boards are instructed to expedite project timelines and ensure prompt processing of related procedures. They are also tasked with guiding contractors and executing units to maintain progress.

The Department of Planning and Architecture, the Department of Natural Resources and Environment, and the Department of Health are to review and resolve paperwork issues. These departments will collaborate with project investors to advance stalled steps.

The Department of Home Affairs and the Department of Planning and Investment will identify organizations and individuals responsible for delays, recommending measures to hold them accountable.

The Department of Planning and Investment will also work with project investors to propose reallocations of funds from disbursement-delayed projects to those that can accelerate disbursement.

As of May 30, HCMC had disbursed nearly VND6.9 trillion, achieving 8.7% of its 2024 plan. The primary reasons for lower-than-expected disbursement include a sand shortage and land clearance difficulties.

For 2024, the city’s public investment capital totals VND79.2 trillion, with VND3.7 trillion from the central budget. Most of the funds are allocated to infrastructure, transportation, urban development, health, and education projects.

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