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- 27 / 01 / 2019 -
Manage the payment of the State’s investment capital involved in the implementation of PPP projects

On December 10, 2018, the Ministry of Finance issued Circular No. 120/218 / TT-BTC regulating the level of return on equity of investors, payment of the State’s investment capital involved. implementing projects and settling projects of projects completed in the form of public-private partnerships under the project on building a number of expressway sections on the North-South route in the East in the period of 2017-2020. enforcement force from January 23, 2019.
Accordingly, the management of payment of the investment portion of the foreign investor participating in the PPP project is stipulated as follows:
– For the public investment capital allocated to work items performed by state agencies, the management and payment shall comply with the regulations on the management and payment of investment capital belonging to the state budget capital source.
– For the part of the State’s investment which partly supports the cost of construction, the State will make payment for the value of the completed volume after the investor has disbursed 50% of the equity. Ownership and eligibility for loan disbursement ensure the following rules:
+ The parallel payment according to the ratio of the State’s investment capital, commercial loans, and investors’ equity must be specified in the project contract between the competent State agency. and investors.
+ The payment in accordance with the volume and value of completed construction has been checked and accepted and ensured within the scope of the medium-term public investment plan and the annual state budget capital source approved by the competent authority. approval to implement PPP projects.
– The allocation and inspection of public investment capital allocation to support the construction cost portion shall comply with the regulations on the management and payment of investment capital belonging to the state budget capital source.
Thus, through clear regulations on the payment and management of the State’s investment capital involved in project implementation and final settlement of project works in the form of public-private partnerships of the Project. construction of a number of expressway sections on the North-South route in the East in the period of 2017-2020 will help the management of state agencies be easy, transparent and investors also have a basis of obligations. His must perform.

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