Project list for ODA capital plan 2015 announced

Da Nang - Quang Ngai expressway, one of projects using ODA capital. (Source: VNA)

Hanoi (VNA) – The Prime Minister issued a modified list of projects eligible for the official development assistance (ODA) capital plan from the State budget in 2015 for ministries and localities.

The PM assigned the Ministry of Planning and Investment (MPI) to allocate specific capital to ministries, sectors and localities for each project based on the total capital and the full list of projects.

The government only adds ODA projects with capital from the central budget and capital from their sponsors that has yet to be disbursed. The transfer projects are ones approved by the PM in previous years.

The 2015 ODA capital supplemented for each project will not exceed the ODA capital sourced from the State budget as stated in the agreement, or according to the decision signed by authorised agencies. It should befit the sponsor’s progress and capital-funding capabilities.

For new projects, only those that have signed agreements with their sponsors and are approved by authorised agencies are added to the list and the 2015 capital plan.

The MPI is held accountable for the accuracy of the information, figures and capital level allocated to projects.-VNA