VietnameseDecision No. 126/2009/QD-TTg dated October 26, 2009 of the Prime Minister promulgating the mechanism on central budget capital supports for investment in the development of coastal economic zone infrastructure systems
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Decision No. 126/2009/QD-TTg dated October 26, 2009 of the Prime Minister promulgating the mechanism on central budget capital supports for investment in the development of coastal economic zone infrastructure systems
| Issuing body: | Prime Minister | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 126/2009/QD-TTg | Signer: | Nguyen Tan Dung |
| Type: | Decision | Expiry date: | Updating |
| Issuing date: | 26/10/2009 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Finance - Banking , Investment |
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Effect status: Known
THE PRIME MINISTER ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom – Happiness --------- |
No. 126/2009/QD-TTg | Hanoi, October 26, 2009 |
DECISION
PROMULGATING THE MECHANISM ON CENTRAL BUDGET CAPITAL SUPPORTS FOR INVESTMENT IN THE DEVELOPMENT OF COASTAL ECONOMIC ZONE INFRASTRUCTURE SYSTEMS
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the December 16, 2002 Law on the State Budget;
Pursuant to the November 29, 2005 Investment Law;
Pursuant to the Government's Decree No. 29/2008/ND-CP of March 14, 2008, on industrial parks, export-processing zones and economic zones;
At the proposal of the Minister of Planning and Investment,
Pursuant to the December 16, 2002 Law on the State Budget;
Pursuant to the November 29, 2005 Investment Law;
Pursuant to the Government's Decree No. 29/2008/ND-CP of March 14, 2008, on industrial parks, export-processing zones and economic zones;
At the proposal of the Minister of Planning and Investment,
DECIDES:
Article 1. Scope of regulation and subjects of application
1. This Decision prescribes the conditions, principles, criteria, types of projects, works entitled to central budget capital supports for investment in the development of technical and social infrastructure systems of coastal economic /ones, and the management and use of this support capital source.
2. A coastal economic zone entitled to central budget investment capital supports under this Decision must satisfy the following conditions:
a/ Being included in the planning on development of Vietnam's coastal economic zones till 2020 under the Prime Minister's Decision No. 1353/QD-TTg of September 23, 2008;
b/ Being established under the Prime Minister's decisions and operating under the Government's Decree No.29/2008/ND-CP of March 14, 2008, on industrial parks, export-processing zones and economic zones;
c/ Having the Management Boards set up under the Prime Minister's decision.
Article 2. Principles for allocation of central budget support capital
1. Central budget capital will be allocated to support the investment in the development of essential technical and social infrastructure systems, ensuring the operation and development of coastal economic zones.
2. The allocations of central budget support capital must adhere to the following principles:
a/ Capital is allocated only to projects and works defined in Article 4 of this Decision which are incapable of recovering capital:
b/ Target projects and works must be in line with the approved planning on construction of coastal economic zones and complete all investment procedures under regulations on management of capital construction investment;
c/ The allocation must be concentrated, ensuring investment efficiency; prioritizing important and urgent projects and works which are to be completed in the plan period.
Article 3. Priority principles and criteria for allocation of central budget support capital
1. The allocation of central budget capital in support of coastal economic zones must adhere to the following priority principles:
a/ Coastal economic zones have investment projects and works of motive nature and important significance for branch and domain development, which have investment certificates or investment decisions and a registered total investment capital of VND 20 trillion or more;
b/ Coastal economic zones are established in localities meeting with socio-economic difficulties;
c/ Coastal economic zones are investing in the construction of essential technical infrastructure systems, having projects on ground clearance compensation and resettlement for projects and works defined at Point a of this Clause.
2. Criteria for, and methods of determination of, central budget support capital are provided in the Appendix to this Decision.
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