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Funds for student dormitories to be paid in advance

The Government will provide money in advance for the building of student accommodation approved for 2010-11.
The Government will provide money in advance for the building of student accommodation approved for 2010-11.

Government Office document 211/TB-VPCP says the pre-payment is primarilyintended to ensure the projects are completed on schedule.

The Government has also agreed to transfer 59.5 billion VND (3 millionUSD) for 44 Construction Ministry-approved student-accommodationprojects.

And Prime Minister Nguyen Tan Dung has asked themunicipal administrations of Hanoi and HCM City to providescheduled moneys in advance for projects that he has approved.

The payments will be refunded from next year's State budget, says the document.

The document says Planning and Investment Minister Vo Hong Phuc hasbeen asked to coordinate with the Construction and Finance Ministries tocomplete a list of student-accommodation projects for 2011-15 that havebeen given prime ministerial approval but which have not been includedin capital allotments for 2010.

The list will go to the National Assembly Standing Committee.

The Construction Ministry has been asked to coordinate with theEducation and Training, the Labour, Invalids and Social Affairs,Planning and Investment and the Finance Ministries together withrelevant agencies to complete a list of proposed projects that are to befinanced from the sale of government bonds in 2011-15 for the primeminister's approval./.
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