Luong Tai strives to disburse 95% of assigned capital plan

The investment project to build the headquarters of the Party Committee - People's Council - People's Committee of Luong Tai district has reached 95% of the volume and strives to be completed in 2024.

To date, the district has disbursed more than VND 69 billion, reaching 41.7% of the plan. Of which, the provincial budget capital is more than VND 29.1 billion, reaching 26.6%; the district budget is more than VND 18.6 billion, reaching 60.6% and rural infrastructure capital is more than VND 21.2 billion, reaching 85%.

The disbursement progress of the district still faces many difficulties due to the slow implementation of land use rights auction projects. The capital source is mainly from the provincial budget, leading to the inability to proactively plan infrastructure investment and construction; fluctuations in construction material prices lead to adjustments to the budget, etc.

From now until the end of 2024, Luong Tai district will continue to direct investors to clearly identify the causes of slow disbursement, review projects with low disbursement rates but face no problems with compensation and site clearance. It also focuses on project settlement immediately after the volume of implementation; focuses on and resolutely removes difficulties and problems in compensation and site clearance for projects. It further strengthens community investment supervision, contributing to improving investment efficiency, preventing and promptly handling violations of parties in the process of construction investment activities.

Communes focus on implementing land use rights auction projects in the area to generate revenue for the State budget and invest in building infrastructure to serve people's lives. Investors seriously handle contractors who, after winning the bid, do not ensure progress, construction methods, equipment, and labor according to the bidding documents; strictly implement regulations in settlement work; promptly organize acceptance and handover of completed works for use, thus striving to disburse 95% of the assigned capital plan.