The government issued Resolution 01 on major tasks and solutions to implement the socio-economic development plan in 2024 and state budget estimates.

The resolution says the transport sector has to speed up project implementation and disbursement of public investment from the beginning of the year, especially disbursement for key national projects, highways, inter-provincial roads and coastal roads. MOT aims for a 95 percent disbursement rate this year. 

Thang told investors and project management boards to urgently allocate the expenditure estimates under approved plans. He warned that officials, departments and divisions that do not comply with the disbursement process, causing difficulties for payment procedures, will be disciplined.

Investors and management boards have been asked to draw up disbursement plans monthly and quarterly. The detailed disbursement plans need to be designed in January to serve as the foundation for assessing implementation.

The Planning and Investment Department has been told to keep a close watch over the implementation of investment plans of each investor and project management board. It needs to allocate capital among projects, with priority given to projects likely to be completed in 2024. Capital will be transferred from projects with slow disbursement to projects which are disbursed as scheduled and still lack capital.

Meanwhile, the Transport Construction Investment Management Authority and Vietnam Expressway Authority have been told to quickly verify and approve investment plans, bidding plans, designs, estimates and projects soon after receiving dossiers from investors and project management boards, especially projects using additional revenue of the 2022 central budget.

The two authorities have been asked to implement the function of state management and give technical support to projects governed by local authorities and the Commission for Management of State Capital at Enterprises.

Thang has asked priority for national key projects, expressways and inter-provincial roads including the North-South Expressway in the east; Belt Road No 4 in Hanoi capital city area; Belt Road No 3 HCM City, Khanh Hoa – Buon Ma Thuot, Chau Doc –Can Tho – Soc Trang, Bien Hoa – Vung Tau, Tuyen Quang – Ha Giang, Ho Chi Minh Road (Rach Soi – Ben Nhat – Go Quao – Vinh Thuan and Cho Chu – Trung Son crossroads sections); Long Thanh International Airport; and the T3 terminal of Tan Son Nhat Airport.

MOT plans to put at least 130 kilometers of high-speed roads into operation in 2024 and complete the upgrading of passages to Cai Mep – Thi Vai and Nam Nghi Son Ports.

The allocated capital of VND57.735 trillion, or $2.5 billion, accounts for 92.5 percent of the total capital in the period.

N. Huyen