Quang Nam allocates 88.3 billion VND for projects to repay loans

Specifically: The project to repair and improve dam safety 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 sub-component, the remaining capital: more than 4.6 billion VND; The project to manage local road assets (LRAMP) - Upgrading, renovating and maintaining local roads: more than 4 billion VND; The project to improve the urban environment in Chu Lai Nui Thanh: 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 in carrying out principal repayment procedures according to regulations.

The Provincial Construction Investment Project Management Board and the Provincial Traffic Works 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 the excess capital plan after debt repayment (if any).

Source: https://baoquangnam.vn/quang-nam-phan-bo-88-3-ty-dong-cho-cac-du-an-de-thuc-hien-tra-no-vay-3151787.html