First-quarter investment disbursement in transport sector misses expectations

Minister of Transport Nguyen Van The chaired the meeting on April 13

The minister stated at the meeting on April 13 to review the first quarter performance and set tasks for the second quarter. He asked leaders of project management boards to adjust their management and operation to fast-track their constructions, thus increasing public investment disbursement.

“The transport sector’s public investment disbursement in the first quarter was just 2 per cent higher than the country’s average. This is still low. In April and May, the ratio must be 5 per cent higher than the country’s average. And by end-June, the threshold must be 10 per cent,” The noted.

According to the Ministry of Transport (MoT), one of the key tasks in April and the second quarter is to coordinate with central and local agencies to complete documents and submit them to the National Assembly for consideration in the investment plans of three national key projects, namely Khanh Hoa-Buon Ma Thuot, Bien Hoa-Vung Tau, and Chau Doc-Can Tho-Soc Trang expressways.

Meanwhile, the MoT’s Department of Planning and Investment needs to perfect the master plan on aviation infrastructure and airport development in the 2021-2030 period for submission to the prime minister for approval.

The other main task is to quicken the construction of the North-South Expressway while boosting public investment disbursement of underway projects.

Besides this, the MoT will report to the prime minister on the deployment of the electronic toll collection system and deal with problems relating to build-operate-transfer projects.

Under the public investment allocation plan from 2021 to 2025, the MoT will develop 64 new projects. In the first quarter, the ministry kicked off three projects and finished the construction of two.