Quang Nam allocates 88.3 billion VND for projects to repay loans

Specifically: The dam repair and safety improvement project was allocated more than 5.4 billion VND; The project to develop type 2 cities in Quang Nam , Ha Tinh and Dak Lak - Quang Nam province component sub-project, the remaining capital: more than 4.6 billion VND; The local road asset management project (LRAMP) - Upgrading, renovating and maintaining local roads component: more than 4 billion VND; The Chu Lai Nui Thanh urban environment improvement project: 12.4 billion VND and The project to develop the environment and urban infrastructure to respond to climate change in Hoi An city: 61.8 billion VND.

The Provincial People's Committee assigned the Department of Finance and the State Treasury of Region XII to establish procedures for allocating capital sources and guide investors to carry out procedures for repaying principal according to regulations.

The Provincial Construction Investment Project Management Board and the Provincial Traffic Construction Investment Project Management Board are responsible for accelerating project implementation progress, effectively using loan capital; implementing capital repayment plans according to the exchange rate of the Joint Stock Commercial Bank for Foreign Trade of Vietnam at the time of debt repayment; and at the same time reviewing and reporting to competent authorities to transfer surplus capital plans after debt repayment (if any).