HCMC – The North-South Expressway project will receive a disbursement of VND5,229 billion this month, reported a local media.
From January to May, the Ministry of Transport disbursed an estimated VND28,600 billion for all projects under the ministry’s jurisdiction, meeting nearly 30% of the full-year target.
Of this, VND21,075 billion was allocated for the North-South Expressway project, including components in Phase 1 executed from 2017 to 2020 and Phase 2 from 2021 to 2025.
With the above result, achieving the full disbursement target of over VND94,000 billion for the year poses a challenge for the ministry.
The Planning and Investment Agency under the Ministry of Transport stated that the disbursement of public investment capital for sections of the expressway including National Highway 45-Nghi Son, Nghi Son-Dien Chau, Cam Lo-La Son, and Dien Chau-Bai Vot was behind the scheduled disbursement.
Regarding Phase 2, the capital disbursement in May only reached 87.5% of the plan. Some projects, such as sections passing through Bai Vot-Ham Nghi, Ham Nghi-Vung An, Bung-Van Ninh, and Van Phong-Nha Trang, also faced disbursement delays.
To expedite the disbursement of public investment capital from now to the year-end, developers of some components are requested to complete handover and acceptance procedure and settlement of works.
The delay in the execution of most components of the expressway project is attributed to material supply shortage and site clearance bottlenecks.
The Ministry of Transport has been allocated a record high of VND94,161 billion for this year.
