On the morning of June 16, presenting the draft Law on Railways (amended) to the National Assembly , Minister of Construction Tran Hong Minh said that for national railways, after deducting related costs according to the provisions of law, local authorities at the provincial level are allowed to retain 50% and pay 50% to the central budget.
For local railways, the provincial local government retains 100% in the local budget.
The bill also proposes to empower provincial People’s Committees to organize the establishment, appraisal, approval, and adjustment of urban development area planning along national railway lines. For local railways, provincial authorities are authorized to approve route plans, project locations, master plans, and TOD area planning to determine the area and boundaries of land to be recovered.
Proposal for localities to retain 50% of revenue from exploiting land along national railways.
Notably, the draft Law supplements regulations encouraging organizations and individuals to participate in investing in railway projects using non-state capital sources in accordance with the provisions of the law on investment.
Supplementing credit incentives for organizations participating in railway business activities; preferential corporate income tax rates for enterprises investing in and developing the railway industry and doing business in railway infrastructure.
Domestic organizations and individuals participating in railway projects are also exempted from import tax on goods serving the project that cannot be produced domestically or can be produced but do not meet the technical standards of the project. Including: machinery, equipment, spare parts, railway vehicles, materials used to manufacture machinery, equipment or to manufacture detailed components, separate parts, spare parts of machinery, materials for the construction of railway infrastructure.
Regarding resource mobilization and capital allocation, additional regulations assign the Prime Minister to decide on the use of diverse capital sources such as issuing government bonds, official development assistance capital, foreign preferential loans, increased revenue and expenditure savings... for investment in developing railway projects.
At the same time, allow the Provincial People's Committee to decide on technical indicators and land use indicators to optimize land use efficiency in TOD areas.
Examining the above content, Chairman of the National Assembly's Committee on Science, Technology and Environment Le Quang Huy said he "basically agrees" with the preferential policies and special mechanisms in the draft law, provided that these proposals have sufficient political basis.
Source: https://vtcnews.vn/de-xuat-dia-phuong-giu-lai-50-nguon-thu-khai-thac-quy-dat-doc-duong-sat-quoc-gia-ar949132.html
Comment (0)