Regulations on adjusting investment projects during project preparation stage managed by the Ministry of Transport in Vietnam

Regulations on adjusting investment projects during project preparation stage managed by the Ministry of Transport in Vietnam

Pursuant to Article 9 Regulations on decentralization and authorization in the management of construction investment projects using public investment capital issued by the Ministry of Transport and management, enclosed with Decision 1672/QD-BGTVT 2021 regulates investment project adjustments as follows:

1. Adjustment of investment projects is carried out in accordance with construction law, public investment law and relevant legal regulations. Based on the document approving the project adjustment policy, the investor is responsible for organizing the project adjustment; Submit to the investment decision maker to organize appraisal and approval of project adjustments according to regulations. In the project adjustment dossier, the cause of adjustment, responsibilities of relevant organizations and individuals, and form of handling (if there is a violation) must be determined.

2. The authority to appraise and approve adjustments to investment projects is implemented according to Article 4, Article 5, Article 6 of this Decision.

In case a project adjustment changes the project group or construction level of the project, the authority to appraise the adjusted Feasibility Study Report is determined according to the authority of the project group or construction level after the adjustment. 

In case the adjustment increases the total investment of the project greater than the total investment that has been decided on the investment policy by the competent authority, the project must carry out the order and procedures for deciding to adjust the investment policy when the competent authority decides to adjust the project.

3. Agencies and units decentralized and authorized by the Ministry of Transport to decide on project investment are responsible for sending the decision to adjust the project and adjust the total investment to the Ministry of Transport to serve the preparation and appraisal of medium-term and annual public investment plans.

4. For projects using capital from legal revenue sources of public service units for investment: The head of a public service unit organizes the preparation, appraisal and approval of project adjustments in accordance with legal regulations on public investment and relevant legal regulations. The order, procedures, and authority to appraise and approve project adjustments are implemented in accordance with Article 5, Clause 5, Article 6 of this regulation.

What are regulations on adjusting investment projects during project preparation stage managed by the Ministry of Transport in Vietnam? (Image from the Internet)

What is contractor selection process during project implementation phase managed by the Ministry of Transport in Vietnam?

According to the provisions of Article 6 Regulations on decentralization and authorization in the management of construction investment projects using public investment capital issued by the Ministry of Transport and management, enclosed with Decision 1672/QD-BGTVT 2021 on contractor selection during the project implementation phase is as follows:

1. The investor makes a plan to select a contractor and submits it to the investment decision maker for appraisal and approval.

2. The investor organizes the selection of contractors according to the provisions of law on bidding and other relevant regulations; Be responsible to the Minister for implementation results.

3. For projects that are decentralized and authorized by the Ministry of Transport to decide on investment, the decentralized or authorized agency shall exercise the authority of the person deciding on the investment, assigning the investor and specialized agencies under the organization Organizing contractor selection, appraisal, and approval of contents according to authority.

4. For projects using capital from legal revenue sources of public service units for investment: The head of a public service unit shall organize the selection of contractors to implement investment projects managed by their unit according to regulations and shall be responsible for their decisions.

Best regards!