Disbursement of public investment capital in 2021: Can't be delayed

According to the direction of the province, by September 30, the disbursement rate of public investment capital in the area in 2021 must reach 100% of the capital plan. However, by the end of August, the disbursement rate of public investment capital of the province only reached 47.2% of the plan, although it was 2% higher than the same period in 2020 and was in the group of provinces and cities of high investment potential. The disbursement rate is high compared to the whole country, but compared to the target set by the province, this figure has not been achieved as expected. This requires investors to make efforts and be more drastic in the coming time.

The central route of Dong Trieu town is being completed.

According to the Department of Planning and Investment, the province's total public investment spending plan in 2021 to August 24 is over 17,700 billion VND, including: State budget over 1,950 billion VND, provincial budget over 9,900 billion VND, local budget is over 5,800 billion VND. As of August 24, the disbursement rate of public investment capital in 2021 of the province reached 47.2% of the plan, in which specific analysis of each source disbursed until August 24 showed that the disbursement rate of the state budget only reached 19%; disbursement rate of provincial budget reached 52.4%; disbursement rate of local budget capital reached 47%.

Compared with the province's goals, all three sources of capital did not meet expectations (30/6 disbursement reached 50%). In addition to the central budget capital with a low disbursement rate because the ODA loan contract of the Ha Long city drainage and wastewater treatment project has not yet been signed between the Ministry of Finance and Quang Ninh province, the remaining capital sources with low disbursement rate have both subjective and objective reasons.

From the beginning of the year, in some localities there has had a lot of rain, affecting the construction progress of projects. Along with that, the increase in the price of materials such as steel, sand, stone, cement... also led to many projects being delayed. In addition, the bidding packages prepared to hold the bidding had to be stopped due to the price adjustment, which significantly affected the disbursement situation. However, Quang Ninh province retains a stable and safe area without the Covid-19 epidemic, which is a favorable condition for investors and contractors to carry out construction and disburse public investment capital.

However, to be objective, it infers that many investors have not been really active in completing investment procedures for new construction projects. As for provincial projects in 2021, there are 21 new projects to start construction, so far, there are still 6 projects that have not yet completed the bidding to select investors to start construction; for district-level projects, up to now, there are still 8 projects that have not yet completed the new start-up procedures.

Facing the situation, by implementing the Official Dispatch No. 1082/CD-TTg dated August 16, 2021 of the Prime Minister on "Speeding up the implementation and disbursement of public investment capital in 2021", the Provincial People's Committee has issued a series of documents directing relevant departments, agencies and local People's Committees to review the implementation progress of public investment projects which were allocated capital in 2021 to proactively propose to the Provincial People's Committee solutions and implementation measures, including sanctions for units that do not strictly follow the direction of the province, ensuring that until September 30, 2021, disbursement reaches 100% of the capital plan arranged from the beginning of the year.