Transport ministry makes low capital disbursements By Le Anh The ODA-funded Ben Luc-Long Thanh Expressway in southern Vietnam has fallen behind on its capital disbursement schedule – PHOTO: LE ANH HCMC – The Ministry of Transport disbursed some VND13.7 trillion (US$588 million) for transport projects, equivalent to 52.2% of the full-year target, as of late last month, according to a report by the Planning and Investment Department under the ministry. The report said a total of more than VND26.3 trillion (US$1.12 billion) in investment capital has been allocated to the ministry this year. The amount includes some VND14.1 trillion in foreign capital, VND5.8 trillion in domestic capital and VND2.6 trillion in government bonds. The undisbursed capital was mainly tied to projects using official development assistance loans (ODA) and government bonds. The ministry ascribed the lower-than-expected capital disbursement to low demolition and site clearance works; heavy and consecutive rains in areas where projects are located; and multiple design adjustments in ODA-funded projects, resulting in construction delays. In addition to these causes, some project management units did not work in a timely manner, resulting in various projects falling behind their capital disbursement schedule. Minister of Transport Nguyen Van The said the ministry will organize a meeting every two weeks with project management units to update records of their capital disbursement performance and offer solutions.