HCMC desires to hurry up public funding disbursement

HCMC – Nguyen Thi Le, chairwoman of the HCMC Individuals’s Council, has urged the related companies to expedite the disbursement of public funding capital as town noticed a lower-than-expected disbursement charge within the yr to April.

Solely VND147 billion in public funding capital for town’s civil and industrial development initiatives was disbursed between January and April, representing a mere 4% of the full-year goal.

Talking at a working session on Might 9 with the Administration Board for Industrial and Civil Engineering Building and Funding Initiatives of HCMC over 2021-2025 investments,  Le stated the sluggish disbursement was on account of insufficient coordination between town’s departments and companies, significantly through the land clearance stage.

She confused the function of native buyers, as well as the competency of contractors and consultancy service suppliers, in maintaining the initiatives’ implementation on schedule.

Round VND70 trillion has been allotted to HCMC to fund public funding initiatives this yr.

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