Can Tho looks to accelerate public investment disbursement
Authorities in the Mekong Delta city of Can Tho held a meeting with municipal departments and agencies on March 18 to discuss the disbursement of public investment for key local works in 2019 and to launch their 2020 disbursement plan.
Secretary of the municipal Party Committee Tran Quoc Trung speaks at the event (Photo: baocantho)
Can Tho (VNA) – Authorities in the Mekong Deltacity of Can Tho held a meeting with municipal departments and agencies on March18 to discuss the disbursement of public investment for key local works in 2019and to launch their 2020 disbursement plan.
Speaking at the event, Chairman of the municipal People’sCommittee Le Quang Manh asked for 90 percent of the disbursement plan to becompleted by late 2020.
The Department of Planning and Investment was assigned toreview the progress of commitment delivery by investors. In case they fail todisburse capital on schedule, they will be removed from the list of investorsfor 2021-2025 projects.
According to the department, only 2.1 trillion VND (91,300USD) out of the nearly 5.7 trillion VND had been disbursed as of the lateDecember, or about 42 percent of the yearly target.
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Director of the municipal State Treasury Vu Hai Son alsocalled on local authorities to follow recommendations by State inspection andauditing units to avoid contradicting with medium-term public investment plans./.
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Secretary of the municipal Party Committee Tran Quoc Trung speaks at the event (Photo: baocantho) 
