Quang Nam focuses on handling debt from basic construction of investment projects

Investors focus on paying off debt for basic construction investment

Debt control solutions will be in the direction of reviewing and arranging (or proposing to arrange) a capital plan to repay debt for completed projects that have been reviewed and approved by competent authorities.

Prioritize payment of basic construction debt for transitional projects; if there is any surplus, then start construction of truly urgent projects.

Outstanding debts in basic construction from 2015 and earlier need to be reviewed, the capital structure in the total investment needs to be clearly determined, and a written report must be sent to the competent authority to adjust the medium-term public investment capital plan for the 2021-2025 period to arrange a capital plan for final settlement.

Carry out settlement of completed projects and project items to have a basis for advising competent authorities to arrange debt payment capital plans.

For basic construction debt of projects under the central budget expenditure task from 2020 and earlier, investors need to proactively review and advise the Provincial People's Committee to report to the competent authority for the policy of using provincial budget capital to pay off debt for completed volume.

For projects under provincial spending tasks, investors must quickly complete settlement procedures to arrange capital to pay off debt.

The district-level People's Committee focuses on controlling basic construction debt and directs the commune-level People's Committee to control basic construction debt. Localities are responsible to the Chairman of the Provincial People's Committee for the occurrence of basic construction debt in the locality.

The Department of Planning and Investment and the Department of Finance are responsible for monitoring, checking, and reviewing capital allocation, resolving debt situations in basic construction, and promptly reporting to the Provincial People's Committee to handle any arising problems or difficulties.

Source: https://baoquangnam.vn/quang-nam-tap-trung-xu-ly-no-xay-dung-co-ban-du-an-dau-tu-3142413.html