Decision No. 47/2014/QD-TTg dated August 27, 2014 of the Prime Minister promulgating the Regulation on management of the operation of inland clearance depots

ADJUSTING THE LEASE PRICE INLAND CLEARANCE DEPOT ONCE EVERY 5 YEARS

The Prime Minister has just issued the Decision No. 47/2014/QD-TTg dated August 27, 2014 promulgating the Regulation on management of the operation of inland clearance depots. The inland clearance depot infrastructure lessor shall submit to the agency which has decided on the investment in the inland clearance depot for consideration and approval the adjustment of the lease price once every 5 years; the inflation rate in Vietnam exceeds 15% a year and other circumstances proposed by the lessor or the lessee and approved by the investment-deciding agency.

The inland clearance depot infrastructure operation lease price shall be determined on the fixed price, which is the price calculated based on the annual asset depreciation rate, loan payment and interest (if any), expenses for management of operation of leased inland clearance depot infrastructure and other expenses as prescribed. The infrastructure operation lease price must not be lower than the fixed price; the changeable price, which is the price collected according to a percentage (%) of the annual revenue from the operation of the leased assets; the value of the leased assets; the technical properties of the leased assets; the leasing conditions and the rights, obligations and responsibilities of the parties. Within that, the inland clearance depot infrastructure-using duration for calculation of leasing prices must not exceed 30 years.

Besides, the Prime Minister also prescribes some regulations on inland clearance depots. In particular, Inland clearance depot locations must be conformable with the approved master plan on the inland clearance depot system; linked with major transport corridors (national and international transport axes) and connected to seaports that serve regional economic development; have at least two modes of transport in order to facilitate organization of multimodal transport or being directly connected with a high-capacity transport mode; have large enough for arrangement of working offices of concerned agencies and organizations and meeting long-term development demands and satisfy the requirements of fire and explosion prevention and fighting, environmental pollution prevention and defense and security requirements as prescribed by law.