Bac Giang works hard to accelerate public investment disbursement

The northern province of Bac Giang is focusing on removing difficulties to speed up the disbursement of public investment, striving to achieve 100% of the plan set for 2024.
According to the provincial People’s Committee, the locality is accelerating the construction of important projects and works, identifying this as one of the key political tasks that will be prioritised.

Bac Giang is determined to fulfill its assigned capital objectives and plans without returning capital.

The project to upgrade part of the National Highway 31 plays an important role for Bac Giang province (Photo: VNA)

Adjustments to the capital plan will be made in case of force majeure where implementation is not feasible.

From now to the end of 2024, Bac Giang will enhance discipline and strictness in the disbursement of public investment capital.

Attention will be paid to speeding up the progress of land clearance and construction, and resolving difficulties related to mining permits and exploitation of raw materials such as stone, sand, and soil serving the implementation of projects.

Strict penalties will be applied to investors, project management boards, organisations, and individuals who intentionally cause obstacles or delays in the disbursement of public investment capital.

Inspection and on-site supervision will be strengthened to urge contractors and consultants to accelerate the construction of projects, and have plans to ensure adequate labour resources for critical projects during holidays.

So far, the total public investment plan of Bac Giang has totaled over 9.14 trillion VND (over 360 million USD), including over 8.7 trillion VND of development investment capital.

In 2024, six new projects managed by the provincial-level units have been allocated funding, with two using the central budget and four the provincial budget.

Source: VNA
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