Special mechanism for Ninh Thuan nuclear power project

CAO NGUYÊN |

National Assembly Chairman Tran Thanh Man has just signed a Resolution on a number of special mechanisms and policies for investment in the construction of Ninh Thuan nuclear power projects.

This Resolution stipulates a number of special mechanisms and policies to invest in the construction of the Ninh Thuan Nuclear Power Project (Project), including the Ninh Thuan 1 nuclear power plant, the Ninh Thuan 2 nuclear power plant and a number of special mechanisms and policies applied to Ninh Thuan province to implement the Project.

According to the Resolution, the project is subject to special mechanisms and policies such as simultaneous implementation of negotiations with partners who have signed international treaties or with other partners to sign international treaties on construction cooperation, granting loans for implementation in parallel with the process of adjusting investment policies and approving investment projects.

Select investors and contractors. In particular, the form of bidding according to the shortened process will be applied to the key package of handing over the main factory construction contract to the contractor in international treaties.

Apply the form of bidding according to a shortened process for important consulting packages in the investment preparation and project implementation stages.

Apply the form of bidding according to a shortened process to appraise technology, safety, security, and check nuclear regulations during the investment and construction stages of the Project on the basis of effectively using domestic and international experts and organizations;

The Resolution also allows the project to apply the standards, regulations, rules and technical instructions proposed by the implementing partner to the project and must ensure that the application content is suitable for Vietnam's conditions, not lower than Vietnam's standards and regulations (if any) and in accordance with safety standards and security instructions of the International Atomic Energy Agency (IAEA).

The Prime Minister decides to allow the application of norms and unit prices on the basis of negotiations with project implementation partners.

At the same time, investors do not have to carry out procedures to submit to the state ownership representative agency for approval and approval of content related to investment projects, capital mobilization plans, and mortgage assets to borrow capital according to the provisions of the Law on Management and Use of State Capital to Invest in Production and Business at Enterprises.

For Ninh Thuan province, the Resolution stipulates that each year, the additional central budget aims to increase the provincial budget by 70% of the revenue from project implementation but not exceed the total increase in central budget revenue in the area compared to the previous year's revenue and the central budget does not have a revenue shortfall.

The province is allowed to borrow ODA capital and foreign preferential loans with a total outstanding loan balance not exceeding 90% of the provincial budget revenue received according to decentralization.

The total annual provincial budget borrowing and excess expenditure will be decided by the National Assembly in accordance with the provisions of the State Budget Law; allocate an additional 40% of the expenditure calculated according to the population rate when developing the regular expenditure rate of the state budget.

The head of the competent authority is allowed to decide to apply the bidding designation for consulting, non-consulting, procurement, construction packages to carry out compensation, support, and resettlement work to implement the Project. The order and procedures for appointing bids are implemented according to the provisions of the law on bidding...

In addition, the project also does not have to carry out procedures to adjust the national mineral reserve area and the time of national mineral reserve, the planning area for exploration, exploitation, and processing.

CAO NGUYÊN
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