The Ho Chi Minh City People’s Committee has asked relevant agencies and departments to take measures to speed up the disbursement of public investment capital.

The committee said the city’s disbursement rate is still low. It has disbursed over VND18.6 trillion ($781 million) so far this year, equivalent to 27.2 per cent of the total capital allocated for 2023.

Some 30 projects have disbursements rates equal to zero per cent and some 20 others have rates of less than 10 per cent.

Some have yet to be disbursed at all, such as a project to expand Lo Lu Road with estimated investment of VND600 billion ($25.1 million), site clearance to expand Duong Quang Ham Road at an estimated cost of VND1.75 trillion ($73.5 million), and a project to upgrade Provincial Road No. 8 with total investment of VND345 billion ($14.6 million).

The committee asked relevant agencies and departments to review and identify solutions and roadmaps to accelerate the handling of investment procedures and remove difficulties and obstacles to boost the disbursement of public investment capital.

They were also instructed to direct the implementation of site clearance and compensation tasks to speed up construction progress.

Heads of agencies and departments must take responsibility if they fail to fulfill the public investment disbursement plan as assigned.