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Saturday, November 26, 2022

MOT urges speedy disbursement for over VND50 trillion

By Minh Hoang

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HCMC – The Ministry of Transport has urged infrastructure project managers and developers to speed up the construction progress, site clearance and fund disbursement.

The ministry aimed to disburse over VND50.3 trillion of the 2022 public investment capital plan assigned by the prime minister.

Accordingly, from September to the year-end, it has to pay out some VND28.1 trillion, averaging VND4 trillion a month.

The ministry achieved 44.1% of the target with a payout of VND22.1 trillion in the year to end-August.

According to the ministry’s data, some projects failed to meet the target. For example, the railway project disbursed VND93 billion late, only achieving over half of the plan with just over VND1 trillion disbursed, while project No. 6 disbursed VND187 billion late and project No. 2 VND227 billion late.

The ministry asked project managers and developers to send documents for plan adjustment before September 25 in case they cannot completely disburse the fund in 2022.

It also ordered key projects such as the North-South Expressway, the My Thuan-Can Tho Expressway and Beltway No. 3 to be completed this year.

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