Provincial People's Committee’s leaders discuss the determination of infrastructure investment costs for the 68 resettlement lots
Vice Chairman of the Quảng Ngãi Provincial People’s Committee Trần Phước Hiền chaired a meeting on September 10 to discuss the determination of infrastructure investment costs for the 68 resettlement lots.
The Nam Lê Lợi New Urban Area project was approved for investment by the Provincial People’s Committee in 2016 and is invested in by the Vietnam Infrastructure and Real Estate Joint Stock Company.
The provincial authorities previously approved a plan to allocate 68 land lots from an infrastructure project outside the boundary of Phạm Văn Đồng University to serve the resettlement needs of the urban development project.
After being allocated the land by the State, the investor fulfilled its financial obligations to the State.
The infrastructure investment costs for the 68 lots now need to be determined as a basis for fulfilling relevant financial obligations.
At the meeting, representatives of provincial departments, agencies and local authorities discussed the appropriate timing for determining the infrastructure investment costs.
Based on an assessment of relevant regulations and actual conditions, the provincial Department of Finance proposed several options for determining the timing used to calculate the costs.
The proposals will serve as a basis for selecting an appropriate option and carrying out subsequent procedures in accordance with regulations.
Vice Chairman Trần Phước Hiền delivers remarks at the meeting
Concluding the meeting, Vice Chairman Trần Phước Hiền asked Phạm Văn Đồng University to study and determine the infrastructure investment costs for the 68 land lots at the time of final settlement.
The Department of Finance was requested to review the infrastructure cost-related issues and advise the Provincial People’s Committee on appropriate solutions in accordance with regulations.
The provincial Inspectorate was also assigned to advise the Provincial People’s Committee on matters under its authority.
Vice Chairman Trần Phước Hiền further asked the Vietnam Infrastructure and Real Estate Joint Stock Company to comprehensively review relevant legal documents and related matters and propose solutions to the competent authorities regarding the costs in accordance with the law.
The move aims to clarify the infrastructure investment costs and provide a legal and financial basis for the continued implementation of the resettlement arrangements under the Nam Lê Lợi New Urban Area project.
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