Public capital disbursement gains speed in Quang Ninh

Four key projects with the total investment of over 283.2 trillion VND (12.4 trillion USD) include the Ha Long urban area complex, the Quang Ninh LNG-fired power plant, Phase 1 of the Van Ninh general port, and the Dong Trieu golf course.

Van Don - Tien Yen Bridge, part of the Van Don - Mong Cai Expressway project in Quang Ninh, is under construction

The northern province of Quang Ninh is working hard to complete the disbursement of the entire public investment capital which was allocated for projects in the province at the start of 2021.
With regard to key projects, it is striving to disburse at least 80 percent of capital by September 30 and 100 percent by December 30.
The provincial administration has shown its determination to reduce or revoke capital from projects whose investors fail to disburse investment capital as scheduled.

To accelerate capital disbursement and project implementation, Quang Ninh has set up special working groups at the provincial and district levels to tighten supervision of investors’ performance.
The provincial People’s Committee has ordered measures to be drastically carried out to speed up the pace of projects financed by the budget and non-budget sources, and promote the disbursement of public funds in both quantity and quality, especially in key projects. Besides, it has also required leaders of departments, sectors, localities, investors, and project management boards be held responsible for the work.

Local authorities are stepping up procedures in order to begin four key projects with the total investment of over 283.2 trillion VND (12.4 trillion USD) this October, namely the Ha Long urban area complex, the Quang Ninh LNG-fired power plant, Phase 1 of the Van Ninh general port, and the Dong Trieu golf course.

As of August 30, Quang Ninh achieved 52.2 percent of the public investment disbursement target. Excluding the recently allocated capital, the rate reached 67 percent.