Decision of the Government of Vietnam on Upgrading the Road Connecting Phu Yen and Gia Lai Provinces

17:48, 11/07/2024

This is the notable content stipulated in Resolution 140/ND-CP recently issued by the Government of Vietnam on November 09, 2018, after the conclusion of the regular Government of Vietnam meeting in October 2018.

To be specific:

The Government of Vietnam has agreed to allow the application of transitional provisions defined in Clause 7, Article 72 of Decree 15/2015/ND-CP to be replaced by the provisions in Clause 8, Article 76 of Decree 63/2018/ND-CP to continue the implementation of the Project for upgrading the road connecting the two provinces of Phu Yen and Gia Lai, section passing through Phu Yen province (phase 1) in the form of a BT contract signed with the investor and utilizing 700 billion VND from the Government bonds in the period 2016-2020 to pay the investor.

The People's Committee of Phu Yen province shall take full responsibility for the results of reviewing the total investment and investment phases according to the verification results of the Ministry of Transport, complete the investment procedures, and ensure the allocation within the local budget balance for the remaining necessary funds to complete the Project and maximize investment efficiency.

The Ministry of Planning and Investment is assigned to summarize and report to the competent authorities on the allocation of the aforementioned capital in the medium-term public investment plan 2016-2020 from the Government bonds.

See details at Resolution 140/NQ-CP effective from November 09, 2018.

-Thao Uyen-

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