Ha Tinh to accelerate public investment disbursement

Authorities of central Ha Tinh province have required investors and project management boards to urgently complete necessary procedures and take measures to speed up disbursement of public investment capital.

The move was made, due to low disbursement of the public capital investment in the province. 

Total disbursement of the public capital this year reached over VND1.48 trillion ($58.1 million) as of May 20, equivalent to 28.3% of the target set by the Prime Minister and 31.6% of the capital allocated.

The low disbursement was mainly blamed for obstacles relating to investment procedures and site clearance, according to the local authorities.

The provincial People’s Committee has decided to set up three task forces led by three Vice Chairpersons of the committee to review, analyze difficulties and obstacles and identify solutions to accelerate the disbursement of public investment capital and improve the efficiency of capital use.