Transport sector plans to reach a public investment disbursement rate of 98 per cent this year

August 16, 2024 - 16:55

The Ministry of Transport plans to disburse a sum worth VNĐ75.824 trillion (US$3.03 billion) or 98.5 per cent of the allocated public investment this year, according to the ministry’s Department of Planning and Investment.

A public-invested road project in Kim Thành District, Hải Dương Province. The Ministry of Transport plans to disburse a sum worth VNĐ75.824 trillion (US$3.03 billion) or 98.5 per cent of the allocated public investment to the ministry this year. — VNA/VNS Photo Mạnh Tú

HÀ NỘI — The Ministry of Transport plans to disburse VNĐ75.824 trillion (US$3.03 billion) or 98.5 per cent of the allocated public investment to the ministry this year, according to the Department of Planning and Investment's report.

As of the end of July, the ministry reports a disbursement rate of 49.2 per cent, meaning that around VNĐ30.8 trillion had been disbursed.

As the sum of capital to be disbursed in the remaining months of this year remains large, at more than VNĐ45 trillion, the pressure to fulfil the public investment disbursement goal is significant.

Disbursement is being hampered too with numerous projects still in the process of completing investment procedures or facing with bottlenecks in site clearances, along with forecasts of unfavourable weather conditions on the way, the department said.

The department urged greater determination from developers and contractors to speed up the disbursement process and added they will be keeping close watch on progress.

In 2025, the ministry plans to disburse around VNĐ77.642 trillion worth of public investment, an increase of VNĐ5.175 trillion compared with the previous plan.

The total public investment planned to be allocated to the Ministry of Transport is VNĐ396.435 trillion in 2021-25 period. — VNS

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