New: Payment for BT Projects Allowed Using Unacquired Land Fund

According to Decree 69/2019/ND-CP, based on the 1/500 or 1/2000 planning that has been approved according to the law, the proposal of the competent state agency to sign the Build-Transfer Contract (BT Contract) and the Investor, the provincial People's Committee shall make a declaration of commitment with the Investor regarding the use of land funds to pay for the BT Project; and concurrently assign local functional agencies and the Investor to implement:

Source: Internet

- Formulate a Compensation and Clearance Plan and report to the competent state agency for approval.- The Investor shall advance the cost for compensation and clearance according to the Compensation and Clearance Plan approved by the competent state agency, and this amount will be included in the BT Contract value; loan interest costs for mobilizing funds will not be included in the BT Project for this expense.- Organize the implementation of compensation and clearance according to the approved plan.

Authority to issue land allocation and land lease decisions: Based on the results of compensation and clearance and the progress of the BT Project implementation, the provincial People's Committee shall issue a decision to allocate land or lease land to the Investor in accordance with the law. The determination of the value of the land fund used for payment and the payment for the BT Project shall be carried out in accordance with the provisions of Article 6 and Article 7 of Decree 69/2019/ND-CP.

For additional related regulations, refer to Decree 69/2019/ND-CP effective from October 1, 2019.

Thu Ba

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