delays - Tin tức mới nhất hàng đầu Việt Nam cập nhật liên tục 24h https://dathoavina.com/tag/delays Fri, 16 Aug 2019 00:51:31 +0000 vi hourly 1 https://wordpress.org/?v=6.3.1 ODA disbursement slows down to a crawl https://dathoavina.com/oda-disbursement-slows-down-to-a-crawl.html https://dathoavina.com/oda-disbursement-slows-down-to-a-crawl.html#respond Fri, 16 Aug 2019 00:51:09 +0000 https://dathoavina.com/?p=1067 The Cat Linh – Ha Dong railway project in Hanoi. It is one of ODA-funded transportation projects. Photo by VnExpress/Giang Huy. Vietnam disbursed a measly 7 percent of the annual ODA disbursement target in Jan-May, a parliamentary report says. The report, released Wednesday by the National Assembly’s Finance Committee, says ODA disbursement in the first […]

The post ODA disbursement slows down to a crawl appeared first on Tin tức mới nhất hàng đầu Việt Nam cập nhật liên tục 24h.

]]>
ODA disbursement slows down to a crawl

The Cat Linh – Ha Dong railway project in Hanoi. It is one of ODA-funded transportation projects. Photo by VnExpress/Giang Huy.

Vietnam disbursed a measly 7 percent of the annual ODA disbursement target in Jan-May, a parliamentary report says.

The report, released Wednesday by the National Assembly’s Finance Committee, says ODA disbursement in the first five months of the year was just VND2 trillion ($85.9 million), while the annual target is VND28 trillion ($1.2 billion).

According to the report, the delay was caused by a lack of consistent policies among different government bodies and an unclear management mechanism.

The lethargic disbursement has delayed major projects and resulted in ballooning costs, the report said.

Eric Sidgwick, country director for the Asian Development Bank (ADB), had said at a forum in June that Vietnam’s average disbursement rate was much lower than other recipients of ADB funding.

Red tape was one of the main causes for this situation, he said. Even minor changes in projects, like increases in scale, 6-month loan extensions, cost structure changes, or the use of contingency funds had to get investment policy approval, and in the meantime, project activities and payments were suspended, he noted.

Last year, the country only met 53.65 percent of its disbursement target, the Finance Committee report said.

The post ODA disbursement slows down to a crawl appeared first on Tin tức mới nhất hàng đầu Việt Nam cập nhật liên tục 24h.

]]>
https://dathoavina.com/oda-disbursement-slows-down-to-a-crawl.html/feed 0
Transport Ministry to blame for Hanoi metro delays: state auditors https://dathoavina.com/transport-ministry-to-blame-for-hanoi-metro-delays-state-auditors.html https://dathoavina.com/transport-ministry-to-blame-for-hanoi-metro-delays-state-auditors.html#respond Sat, 06 Jul 2019 08:48:20 +0000 https://dathoavina.com/?p=616 Two Cat Linh-Ha Dong trains leave the station in Hanoi during a trial run in September 2018. Photo by VnExpress/Giang Huy. The Ministry of Transport’s mismanagement in allowing piecemeal work has resulted in ballooning costs and prolonged delays, state auditors say. The ministry (MoT) permitted contractors to make technical designs for each section of Hanoi’s […]

The post Transport Ministry to blame for Hanoi metro delays: state auditors appeared first on Tin tức mới nhất hàng đầu Việt Nam cập nhật liên tục 24h.

]]>

​Transport Ministry to blame for Hanoi metro delays: state auditors

Two Cat Linh-Ha Dong trains leave the station in Hanoi during a trial run in September 2018. Photo by VnExpress/Giang Huy.

The Ministry of Transport’s mismanagement in allowing piecemeal work has resulted in ballooning costs and prolonged delays, state auditors say.

The ministry (MoT) permitted contractors to make technical designs for each section of Hanoi’s Cat Linh – Ha Dong metro line separately as the line was being constructed, causing piecemeal work, delays, and quality risks, says Deputy State Auditor General Doan Xuan Tien.

The MoT also failed to evaluate all technical aspects of the project, causing planning to be changed multiple times. Furthermore, it conducted land clearance and handovers at a sluggish pace, slowing down the metro line, said Tran Hai Dong, head of the auditing team for the project.

“In the process of setting up the metro project, all phases from getting consensus on architectural plans, approving changes, clearing and handing over land, were delayed by 1-5 months. The delays caused labour and material costs to soar,” Dong said.

The State Audit agency also found that investors had not factored in operating costs, which would account for a large proportion of costs once the metro service began operation, in its financial evaluations. This resulted in an incorrect financial appraisal of the project and its costs, he added.

Work on the Cat Linh-Ha Dong elevated railway began in 2011 and was originally scheduled for completion in 2013. But several hurdles, including loan disbursement issues with China that were only resolved in December 2017, stalled it for years.

The original estimated cost of $552.86 million ballooned to more than $868 million, including $670 million in loans from China.

The metro eventually entered the testing phase in March with all 13 cars carrying out trial runs on both lines. The ministry wanted commercial operations to begin at the end of April, but this deadline too was missed.

When completed, Hanoi’s first metro line will run from Cat Linh Station in downtown Dong Da District to the Yen Nghia Station in the south-west Ha Dong District.

The post Transport Ministry to blame for Hanoi metro delays: state auditors appeared first on Tin tức mới nhất hàng đầu Việt Nam cập nhật liên tục 24h.

]]>
https://dathoavina.com/transport-ministry-to-blame-for-hanoi-metro-delays-state-auditors.html/feed 0