Hanoi (VNA) - Investors/project management boards of the Ministry of Transport are working hard to coordinate with contractors to accelerate the progress of transport projects in order to increase the disbursement of public investment capital assigned in 2024.

Being aware of the target of public investment capital disbursement for 2024, the Ministry of Transport has clearly stated that at least 95% of the allocated capital must be disbursed.

According to a report of the Ministry of Transport’s Department of Planning and Investment, by the end of November, the ministry disbursed about 52.75 trillion VND (2.078 million USD), or 70% of the plan, higher than the national average at 60.4%.

Many investors under the Ministry of Transport achieved disbursement levels higher than the ministry's average, such as: Project Management Board 6 (88%), My Thuan Project Management Board (77%), Ho Chi Minh Road Project Management Board (82%); Project Management Board 7 (73%), Thang Long Project Management Board (71%); Maritime Project Management Board (89%), and the Project Management Board 2 (nearly 70%).

In 2024, the North-South Expressway component projects disbursed 28.957 trillion VND, or about 79% of the assigned plan. Some projects showed good construction progress such as the Bai Vot-Ham Nghi section, Vung Ang-Bung, Bung-Van Ninh, Chi Thanh-Van Phong, and the Van Phong-Nha Trang motorway.

Le Thang, Director of Project Management Board 2, said his board has disbursed nearly 75% of over 8 trillion VND in allocated public investment capital.

According to Thang, the Quang Ngai-Hoai Nhon Expressway Project, which accounts for about 50% of the unit's capital plan, is showing significant results. In addition, the board is accelerating the groundbreaking of the Cho Moi-Bac Kan Expressway Project, scheduled for the end of this month or early January. The aim is to complete the target of disbursing over 95% of the allocated capital this year.

The Thang Long Project Management Board has to date disbursed 4,69 trillion VND or 71% of the plan. The board expected to meet the disbursement target of 95% by January 30, 2025.

At construction sites, contractors have mobilised equipment, machinery and personnel to speed up the progress of transport projects to ensure projects are completed as scheduled, thereby accelerating public investment capital disbursement.

As the advisory body for disbursement and capital transfer, the Ministry’s Department of Planning and Investment requires investors/project management boards to increase the frequency of inspections, evaluate results each week, closely follow project progress, handle problems, and speed disbursement progress.

Investors and contractors should speed up construction, acceptance, and timely payment of completed workloads, and focus on appraisal, approval of adjusted and work items to sign contract appendices to meet payment conditions.

As some projects have been affected by rain and floods, leading to slow progress, the Ministry of Transport has recommended that localities resolve problems related to ground and materials, accelerating project progress.

𒆙 Prime Minister Pham Minh Chinh has urged the acceleration of public investment disbursement, striving to disburse at least around 676 trillion VND (27.8 billion USD) or 95% of the target this year. He made the statement while chairing an online meeting in Hanoi on November 27 between permanent Government members and ministries, agencies and localities./.