HCM City races to disburse public investment capital

HCM City enters peak period of public investment disbursement. (Photo: vneconomy.vn)

In particular, the Chairman of the City People’s Committee requested heads of each unit to take full responsibility for monitoring daily progress, addressing tasks, and resolving issues related to public investment projects. They are accountable for their unit’s disbursement results.

The Chairman of the City People’s Committee also directed nine units with disbursement rates in the nine months lower than the city’s general rate (20.2%) to urgently implement solutions to accelerate the progress of public investment disbursement.

These units include the Management Board of Industrial and Civil Engineering Construction and Investment Projects of HCMC (8.6 percent), the Transportation Works Construction Investment Project Management Board of HCMC (19.7 percent), the HCMC Urban Infrastructure Construction Investment Projects Management Board (7.9 percent), the Management Authority for Urban Railways (17.1 percent), the High-Tech Agricultural Park Management Board (0.5 percent), and the People's Committees of Nha Be District (10.5 percent), District 1 (11.6 percent), District 10 (8.8 percent) and District 5 (13 percent).

For units with large capital for site clearance compensation and expected to disburse in the fourth quarter of 2024, the Chairman of the City People's Committee requested the heads of the units to closely monitor and follow the implementation to ensure disbursement according to the set plan, and take full responsibility for not completing the related procedures for capital disbursement./.