Which agency appraises projects of State capital enterprises?
Wed, 16 Oct 2019 17:07:00 | Print | Email Share:
Mr. Nguyen Dang Do's Company ( in Quang Ngai Province) has 24% of state capital, the rest is privately owned. The company wants to invest in production expansion projects (level IV technical infrastructure), total investment of less than VND 15 billion, loans from commercial banks.
Mr. Do would like to ask, whether the construction design documents and the above cost estimates are to be submitted to the Department of Construction for appraisal, or will the investor organize the appraisal (if eligible) and approve it?
The Ministry of Construction answers this issue as follows:
According to Clause 5, Article 13 of the Ministry of Construction's Circular No. 18/2016 / TT-BXD dated June 30, 2016 detailing and guiding a number of contents on project appraisal, approval and design as well as construction estimate If the construction is conducted, the project using mixed capital with the participation of the state budget, the non-state budget capital of 30% or more or less than 30% but if over VND 500 billion in the total investment, projects shall be appraised as projects using non-budget State capital.
According to the question of Mr. Nguyen Dang Do, the investor needs to clearly determine the level of project investment decision and the percentage of State capital participation in the total investment of the project to determine the competence to appraise the report. economic and technical construction investment as prescribed in Clause 2, Clause 3, Article 13 of the Government's Decree No. 59/2015 / ND-CP dated June 18, 2015 on management of construction investment projects, amended and supplemented at Clause 5, Article 1 of the Decree No. 42/2017 / ND-CP.
By: Online Newspaper of the Government / Translator: HaiYen-Bizic
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