Quang Nam allocates more than 88 billion VND to pay off loans for 5 projects

Lai Nghi reservoir project (a component project of the project on developing the environment and urban infrastructure to respond to climate change in Hoi An city). Illustration photo: HA SAU

The projects allocated funds according to the above decision include: Environmental development project, urban infrastructure to respond to climate change in Hoi An city (61.8 billion VND); Chu Lai Nui Thanh urban environment improvement project (over 12.4 billion VND); Dam repair and safety improvement project (over 5.4 billion VND); Project to develop type 2 cities in Quang Nam, Ha Tinh and Dak Lak - sub-project of Quang Nam province, surplus capital (over 4.6 billion VND); Local Asset Management Project (LRAMP) - component of upgrading, renovating and maintaining local roads (over 4 billion VND).

The above funding source comes from increased revenue and savings from the provincial budget in the remaining 2025 provincial budget capital plan not yet allocated in Decision No. 2952 dated December 6, 2024 of the Provincial People's Committee for projects.

The Provincial People's Committee assigned the project investors, the Provincial Construction Investment Project Management Board and the Provincial Traffic Construction Investment Project Management Board, to be responsible for accelerating project implementation progress and effectively using loan capital.

Implement the capital repayment plan according to the exchange rate of the Joint Stock Commercial Bank for Foreign Trade of Vietnam at the time of debt repayment; at the same time, review and report to the competent authority to transfer the excess capital plan after debt repayment (if any).

Source: https://baoquangnam.vn/quang-nam-phan-bo-hon-88-ty-dong-de-tra-no-vay-5-du-an-3151543.html