Thuan An mobilizes capital for key projects, creating motivation for development

According to Thuan An city’s People's Committee, the city in the first 9 months of 2023 focused on basic construction investment, resolving obstacles in compensation, site clearance and accelerating the progress of implementing projects this year under to the proposed plan.

Accordingly, the city's 2023 public investment plan is more than VND 2.33 trillion for 111 projects. The city’s estimated disbursement value in the first 9 months of the year was more than VND 1.12 trillion, or 48.06% of the plan. The public investment plan for communes and wards in the city is VND33.1 billion for 49 projects, with disbursement volume estimated at VND15.6 billion, or 47.15% of the plan. Estimatedly, 87 bidding steps were appraised with an appraisal value of VND 84.75 billion, a reduction of more than VND2billion. The accumulated settlement of investment capital for 30 projects was VND 195.2 billion, a decrease of VND 335 million.

For compensation and site clearance, projects invested by the province have paid more than VND1.49 trillion for 810 documents and the remaining VND 667.1 billion for 175 documents have not been spent. The projects invested by the city have paid VND 229.5 billion for 349 documents and the remaining VND 155.5 billion for 127 documents have not been spent.

For the rest of 2023, the city will mobilize capital sources for works and projects that meet conditions, have ability to complete and effectively achieve the 2023 capital plan. The city will also accelerate construction progress, accept construction quality and focus on disbursement and settlement of the volume of projects, especially key ones implementing decentralized capital sources under the criteria.

Reported by Phuong An-Translated by Kim Tin