Việt Nam News

North-South Expressway Project’s capital disbursement for year reaches over 70 per cent

November 08, 2023 - 07:31

In order to speed up disbursement progress, the Ministry of Transport asked investors and project management boards (PMBs) to regularly review and update disbursement plans of each project and contract package to promptly detect difficulties and problems in the implementation process to propose solutions.

A section of the North-South Expressway that is under construction. — VNA/VNS Photo

HÀ NỘI — North-South Expressway Projects in the 2021-2025 period have so far disbursed more than VNĐ33.2 trillion (US$1.31 billion) out of over VNĐ46.4 trillion ($1.9 billion) of total allocated capital this year, according to the Department of Planning and Investment (Ministry of Transport).

The capital disbursement reached 72 per cent of the year’s plan.

The disbursement rate of component projects of Bãi Vọt-Hàm Nghi reached 74 per cent, Bùng-Vạn Ninh – 70 per cent, Vạn Ninh-Cam Lộ – 75 per cent, Vân Phong-Nha Trang – 73 per cent, Hậu Giang-Cà Mau - 77 per cent, Hàm Nghi-Vũng Áng – 66 per cent, Quảng Ngãi-Hoài Nhơn– 69 per cent, Hoài Nhơn-Quy Nhơn – 66 per cent, Quy Nhơn-Chí Thạnh – 60 per cent and Chí Thạnh-Vân Phong – 64 per cent.

In particular, the two component projects with the highest disbursement rate are the Cần Thơ-Hậu Giang expressway reaching 91 per cent and Vũng Áng – Bùng at 86 per cent.

In 2023, the Ministry of Transport's public investment plan allocated more than VNĐ95 trillion ($3.9 billion).

The North-South Expressway Project for the period 2017-2020 was allocated more than VNĐ17.5 trillion ($715.9 million), the same project for the period 2021-2025 is allocated nearly VNĐ46.4 trillion ($1.9 billion), other important and urgent projects received a capital of nearly VNĐ1.6 trillion ($65.5 million), the ODA project group got more than VNĐ7.8 trillion ($319 million), and other domestic projects are allocated capital of nearly VNĐ27.8 trillion ($1.13 billion).

The investors and PMBs were also requested to speed up settlement procedures for projects, strengthen field inspection and supervision, and push contractors and consultants to accelerate the construction progress of ongoing projects to ensure progress and required quality.

Investors and PMBs need to co-ordinate with localities to resolve problems and complete procedures to speed up disbursement progress for site clearance. — VNS

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