Thanh Hoa accelerates public investment disbursement

Chairman of the Thanh Hoa Provincial People’s Committee Do Minh Tuan has issued a directive asking relevant departments and agencies to speed up the disbursement of public investment capital in 2024 and to improve the efficiency of its use and management.

Investors and authorities in each district, commune, and city are assigned to disburse their allocated capital following specific deadlines.

They are required to disburse at least 50 per cent by June 30, 70 per cent by September 30, 90 per cent by November 30, and 100 per cent by December 31.

Mr. Tuan asked investors and authorities in districts and communes to work from the mid-term investment plan in the 2021-2025 period and approved investment policies to urgently complete investment procedures for projects that have yet to be allocated capital, for submission to the provincial Department of Planning and Investment.

The provincial Department of Finance was instructed to build detail capital allocation plans.