MoT sets target to disburse at least 60 per cent of public investment plan by September

August 12, 2021 | 15:56
The Ministry of Transport (MoT) has just issued Notice No.285/TB-BGTVT, ordering that at least 60 per cent of the public investment plan be disbursed (about $1.13 billion) by September.
MoT sets target to disburse at least 60 per cent of public investment plan by September
Photo: baodautu.vn

The MoT has been allocated about VND43.401 trillion ($1.89 billion) of public investment capital in 2021. Of this, it plans to disburse VND3.076 trillion($133.7 million) in August.

Along with that, an additional around VND980 billion ($42.6 million) must be disbursed to compensate for delayed progress in July. The relevant units have to complete the disbursement of more than VND24.4 trillion ($1.1 billion) in the rest of the year. By September 2021, at least 60 per cent of the plan must be disbursed (around $1.13 billion).

According to fresh data, by the end of July, the MoT has disbursed 44.1 per cent of the assigned plan.

The disbursed capital mainly went to site clearance compensation, advance payment for contracts and capital recovery, as well as payment of outstanding debts. Meanwhile, the number of completing construction is still relatively low.

By Tri Lam

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional