City. Nha Trang: Extending the implementation time of the Sustainable Environment Project for Coastal Cities in Vietnam to June 30, 2024?
- Extending the implementation time of the Project on Sustainable Environment Project for Coastal Cities in Vietnam. Nha Trang Khanh Hoa province?
- What is the responsibility of Khanh Hoa Provincial People's Committee in extending the Project on Sustainable Environment for Coastal Cities?
- How is the Regulatory Authority for projects using concessional loans from foreign sponsors?
Extending the implementation time of the Project on Sustainable Environment Project for Coastal Cities in Vietnam. Nha Trang Khanh Hoa province?
According to Article 1 of Decision 714/QD-TTg in 2022 on extending the implementation time of the Sustainable Environment Project for Coastal Cities in Vietnam- Nha Trang Subproject, borrowing from the World Bank is as follows:
"Article 1. Agree to extend the implementation time and deadline for closing loan agreements of the Project "Sustainable Environment in Coastal Cities" - Nha Trang Sub-Project of Khanh Hoa Province (Project), loan capital of the World Bank (WB) until June 30, 2024."
What is the responsibility of Khanh Hoa Provincial People's Committee in extending the Project on Sustainable Environment for Coastal Cities?
According to Article 1 of Decision 714/QD-TTg in 2022, the People's Committee of Khanh Hoa province is responsible for extending the implementation time of the Sustainable Environment Project for Coastal Cities in Vietnam - Nha Trang Sub-Project. The WB is as follows:
- To take full responsibility before the Prime Minister for solving difficulties and problems of the Project, fully arranging the capital sources for the Project, ensuring the completion of the Project on time. In case of failure to complete on time by June 30, 2024, the People's Committee of Khanh Hoa province is responsible for allocating capital to implement the unfinished items of the Project.
- Implement procedures to adjust the project investment decision according to its competence.
- Coordinate with the Ministry of Finance to discuss and work with the World Bank to extend the duration of the Project's loan agreements.
- The Ministry of Finance shall assume the prime responsibility for, and coordinate with relevant agencies, the People's Committee of Khanh Hoa province and the World Bank in carrying out procedures for adjusting the project's loan agreements
City. Nha Trang: Extending the implementation time of the Sustainable Environment Project for Coastal Cities in Vietnam to June 30, 2024?
How is the Regulatory Authority for projects using concessional loans from foreign sponsors?
According to Article 19 of Decree 114/2021/ND-CP stipulating that projects using concessional loans from foreign sponsors such as the Sustainable Environment Project for Coastal Cities in Vietnam using capital from the World Bank, etc. World Bank (WB) as follows:
"Article 19. Adjustment of investment policies for programs and projects funded by ODA or concessional loans
1. Competence to decide on adjustment of investment policies for programs and projects shall comply with Clause 1, Article 34 of the Law on Public Investment.
2. For public investment programs and projects of national importance:
a) The public investment program has been adjusted leading to a change in the main contents of the Decision on investment policies specified in Article 18 of this Decree: Comply with the provisions of Point a, Clause 2, Article 34 of the Law on Investment labour;
b) The project of national importance has been adjusted, leading to a change in the main contents of the Decision on Investment Policy as prescribed in Article 18 of this Decree: Comply with the provisions of the Law on Public Investment and the Decree of the Government. The Government shall stipulate the order and procedures for appraising national important projects and monitoring and evaluating investment.
3. For programs and projects under the Prime Minister's authority to decide on investment policies:
a) In case the adjustment of the project implementation time does not change the remaining main contents of the Decision on investment policies; Adjusting the reduction of ODA or concessional loans but incurring financial obligations and not changing the remaining main contents of the Decision on Investment Policy: The governing body shall send a document and report on the reasons for the adjustment. adjusted for the Ministry of Planning and Investment to synthesize opinions of the Ministry of Finance, submit to the Prime Minister for consideration and decision;
b) In case the adjustment of a program or project leads to a change in the main contents of the Decision on investment policies other than those specified at Point a, Clause 3 of this Article: The governing body shall adjust the investment policy according to order and procedures specified in Clause 4, Article 14 of this Decree.
The dossier submitted to the competent authority and the time to decide on adjustment of investment policies for the program or project shall comply with the provisions of Articles 15 and 16 of this Decree, clarifying the following contents: adjust investment policies for programs and projects; the contents of adjustment of investment policy of the program or project correspond to the main contents of the pre-feasibility study report and the report on investment intentions.
4. For programs and projects under the authority to decide on investment policies of the head of the governing body, the governing body shall make adjustments that lead to changes in the main contents of the Decision on investment policies: to adjust investment policies according to the order and procedures specified in Clause 5, Article 14 of this Decree.
5. In the case of a program or project, the total investment amount is adjusted due to exchange rate changes; If the reduction of ODA or concessional loan capital does not create financial obligations and does not lead to changes in the remaining contents of the Decision on investment guidelines specified in Article 18 of this Decree, the governing body shall not must follow the order and procedures for deciding to adjust the investment policy."
View the full Decision: HERE
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