Funds for student dormitories to be paid in advance

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Báo QĐND English - 48 month(s) ago 1 readings

Funds for student dormitories to be paid in advance

The Government will provide money in advance for the building of student accommodation approved for 2010-11.

Government Office document 211/TB-VPCP says the pre-payment is primarily intended to ensure the projects are completed on schedule.

The Government has also agreed to transfer VND59.5 billion (US$3 million) for 44 Construction Ministry-approved student-accommodation projects.

And Prime Minister Nguyen Tan Dung has asked the municipal administrations of Ha Noi and HCM City to provide scheduled moneys in advance for projects that he has approved.

The payments will be refunded from next year’s State budget, says the document.

The document says Planning and Investment Minister Vo Hong Phuc has been asked to co-ordinate with the Construction and Finance Ministries to complete a list of student-accommodation projects for 2011-15 that have been given prime ministerial approval but which have not been included in capital allotments for 2010.

The list will go to the National Assembly Standing Committee.

The Construction Ministry has been asked to co-ordinate with the Education and Training, the Labour, Invalids and Social Affairs, Planning and Investment and the Finance Ministries together with relevant agencies to complete a list of proposed projects that are to be financed from the sale of government bonds in 2011-15 for the prime minister’s approval.

Source: VietNamNet/Viet Nam News

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