(VOV) – The Vietnamese Government will direct relevant ministries, agencies and localities to speed up the implementation and disbursement of capital for Official Development Assistance (ODA) funded transportation projects.
Deputy PM Hoang Trung Hai delivered the statement at a June 21 meeting in Hanoi to review the performance of ODA transport projects funded by the World Bank (WB) and the Asian Development Bank (ADB).
He proposed two concrete solutions to improve these projects: prioritizing the disbursement of capital for critically important projects and restructuring existing projects for more effective implementation.
The meeting came at a time when key ODA-funded transport projects are reported to be falling behind schedule, which has triggered more difficulties in disbursing capital as input prices have increased, according to WB and ADB representatives.
The Ministry of Planning and Investment, which organized the meeting, suggested that the Ministry of Transport takes a closer look at existing projects and adjust the capital allocation as appropriate to their scale.
Governing bodies and project management units should also coordinate with sponsors to design effective action plans, the Ministry added.
Transport plays a pivotal role in enhancing Vietnam’s competitiveness. Currently, 40 percent of ADB and 18 percent of WB total ODA for Vietnam goes to transport projects.
Đăng ký: VietNam News
