Ministry of Transport: Long way to go to fully disburse this year’s public investment
As of the end of September, the Ministry of Transport (MoT) had disbursed 53.7% of total public investment planned for this year, higher than the national average of 47%, according to Luu Quang Thin, deputy head of the MoT’s Planning and Investment Department.
The last section of the Vinh Hao - Phan Thiet Expressway is under urgent construction to be open before this year's end. (Photo: VNA)
Hanoi (VNA) – As of the end of September, the Ministryof Transport (MoT) had disbursed 53.7% of total public investment planned forthis year, higher than the national average of 47%, according to Luu QuangThin, deputy head of the MoT’s Planning and Investment Department.
Yet, the figure was lower than that of the same period lastyear (61%) and the progress was behind the schedule, Thin admitted. There are another23.3 trillion VND worth of public funding waiting to be spent until the end of thisyear, he added.
2022 is a challenging year for the sector, given that thegovernment has allocated over 50 trillion VND in investment for various public transportprojects managed by the MoT, said Minister Nguyen Van The, adding that it isthe largest annual amount ever assigned to the ministry.
As such, to fully realise the yearly plan, the MoT mustdisburse over 7 trillion VND of public investment monthly until the year end,he continued, noting that it will be an enormous challenge that requires greater effortsfrom developers, project management authorities and contractors.
This year, the ministry plans to complete 361km of the North-SouthExpressway and start work on multiple key projects, including the second phaseof the North-South Expressway, Tan Son Nhat International Airport’s T3 Terminaland Long Thanh Airport’s runways.
The ministry declared at the beginning of this year thatany developer or project management authority failing to fulfill their disbursementplans will not be entrusted with new projects.
One good sign for the MoT is a strong recovery in passenger transport duringthe first three quarters of the year. Total passenger throughput of all airports reached 75 million during the period, a surge of 162%compared to the same period last year.
Train passenger volume spurred 176% year-on-year to 3.4 millionbetween January and September while waterway travellers rose by 12.5%year-on-year to 201 million./.
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Prime Minister Pham Minh Chinh stressed the need for drastic measures to speed up the disbursement of public investment capital and the implementation of the socio-economic recovery and development programme as well as three national target programmes, while chairing a meeting with ministries, sectors and localities on September 26.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The last section of the Vinh Hao - Phan Thiet Expressway is under urgent construction to be open before this year's end. (Photo: VNA)
