This amount of funds is used for compensation, site clearance, payment of construction costs and consulting costs according to the prescribed ratio between the provincial budget's counterpart capital and the provincial budget's capital borrowed from projects using loan capital.
The projects that have received advance payments include: Central Region Connectivity in Quang Nam Province (VND25 billion); Building Climate-Resilient Infrastructure for Ethnic Minorities (CRIEM) - a component project of Quang Nam Province (VND30 billion); Developing the environment and urban infrastructure to respond to climate change in Hoi An City (VND8.8 billion).
The Provincial People's Committee requests the Provincial Traffic Construction Investment Project Management Board to be responsible for disbursing capital plans on time and making payments in accordance with regulations.
The Department of Finance and the State Treasury of Quang Nam establish procedures for advancing the provincial budget, monitoring and handling the recovery of the advanced budget when capital is allocated.
The Department of Planning and Investment monitors capital sources to advise the Provincial People's Committee to arrange capital plans for projects and recover capital plans advanced from the provincial budget.
Source: https://baoquangnam.vn/quang-nam-cho-ung-truoc-63-8-ty-dong-ngan-sach-de-thuc-hien-3-du-an-dau-tu-3139389.html
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