Awarded the contract for the "turnkey" construction of the Ninh Thuan nuclear power plant

(PLVN) - The National Assembly allows the application of the form of designated bidding according to a shortened process for the "turnkey" bidding package to build the main plant with contractors in international treaties to implement the construction of the Ninh Thuan Nuclear Power Project.

February 19, 2025 12:57 PM

National Assembly leaders vote to pass the Resolution

(PLVN) - The National Assembly allows the application of the shortened bidding process for the "turnkey" package to build the main plant with the contractor in the international treaty to implement the construction of the Ninh Thuan Nuclear Power Project.

On the morning of February 19, continuing the 9th Extraordinary Session, the National Assembly voted to pass the Resolution of the National Assembly on special mechanisms and policies for investment in the construction of the Ninh Thuan Nuclear Power Project.

Accordingly, the Project is applied with many special mechanisms and policies. Specifically, simultaneously implementing negotiations with partners who have signed international treaties or with other partners to sign international treaties on cooperation in construction and credit granting for the implementation of the Ninh Thuan Nuclear Power Project, in parallel with the process of approving investment policy adjustments and approving investment projects.

Regarding the selection of investors and contractors, the Prime Minister assigned investors to implement projects; applied the form of designated bidding according to a shortened process for turnkey packages for construction of main factories with contractors in international treaties; applied the form of designated bidding according to a shortened process for important consulting packages in the investment preparation and project implementation stages...

Regarding the financial plan and capital arrangement, it is negotiated with the Government of the implementing partners to arrange capital for the Project according to the capital needs of the Project and according to the commitment of the foreign sponsor; it is allowed to apply the regulations of the foreign sponsor in cases where Vietnamese law does not have regulations or has regulations but they are different from the regulations of the foreign sponsor; the investor is allowed to borrow and is eligible to re-borrow according to the method of the re-lending agency not bearing credit risk, not having to carry out procedures to prepare proposals for programs and projects using ODA capital, foreign preferential loans. During the implementation of the Project, the Prime Minister is allowed to decide to use increased revenue, savings of central budget expenditure and other legal capital sources for the Project in case the loan agreement negotiation is unsuccessful or the loan size is not enough.

Investors are allowed to arrange counterpart funds from loan sources, corporate bond capital, re-borrowed capital from government bonds, construction bonds issued by the government, and bonds guaranteed by the government with re-borrowing conditions according to the loan conditions of the bond issuance, the project's debt repayment capacity and the Law on Public Debt Management.

The National Assembly also allows investors not to carry out procedures to submit to the State ownership representative agency for approval of contents related to investment projects, capital mobilization plans, and asset mortgages for loans according to the provisions of the Law on Management and Use of State Capital Invested in Production and Business at Enterprises; not to carry out procedures to approve the policy of changing the purpose of forest use to other purposes but must ensure the principle of minimizing the change of forest use to other purposes according to the provisions of the Forestry Law, especially natural forests.

Ninh Thuan province is allowed to re-borrow ODA capital and foreign preferential loans with the total outstanding loan balance not exceeding 90% of the provincial budget revenue according to decentralization. The total loan amount and annual provincial budget deficit are decided by the National Assembly according to the provisions of the State Budget Law; the compensation and resettlement support policy is applied when reclaiming land to build the Project at the highest level according to regulations multiplied (x) by 1.5 times; the compensation, support and resettlement work is allowed to be implemented simultaneously with the adjustment of the investment project for the migration and resettlement project of the Project...

Source: https://baophapluat.vn/duoc-chi-dinh-thau-voi-goi-thau-chia-khoa-trao-tay-xay-dung-nha-may-dien-hat-nhan-ninh-thuan-post540202.html