ADJUSTMENT ON CLASSIFICATION OF PUBLIC INVESTMENT PROGRAMS AND PROJECTS
In accordance with the Decree No. 136/2015/ND-CP dated December 31, 2015 of the Government guiding the implementation of a number of articles of the Law on Public Investment, the first adjustment of the criterion of total investment may be considered only when the annual average consumer price index increases over 30% compared to that of 2015; Subsequent adjustments shall be considered only when the annual average consumer price index increases over 30% compared to that of the year of the previous adjustment.
The time of appraisal of prefeasibility study reports of group-A projects, investment policy proposal reports of programs, group-B and group-C projects, counting from the date the standing body of the appraisal council or agency in charge of appraisal receives a complete and valid dossier, for national target programs: 60 days at most; for target programs: 45 days at most; for group-A projects: 45 days at most; for group-B projects: 30 days at most; for group-C projects: 20 days at most. The time of appraisal of funding sources and fund balancing capability of programs and projects, counting from the date the appraisal agency receives a complete and valid dossier, for national target
programs and target programs: 40 days at most; for group-A projects: 30 days at most; for group-B and group-C projects: 15 days at most. The time of appraisal of investment policy and appraisal of funding sources and fund balancing capability shall be applied only to the appraisal stage prior to submission to authorities competent to decide on investment policy on public investment programs and projects.
When it is necessary to extend the time of appraisal of investment policy or funding sources and fund balancing capability, the agency in charge of appraisal or the standing body of the appraisal council shall propose the Prime Minister to decide on the extension of the time of appraisal of the prefeasibility study report of a national target program, target program or group-A project; notify the extension of the time of appraisal of the investment policy proposal report of a group-B or group-C project to the agency competent to decide on investment policy; and the extended time must not exceed the corresponding appraisal time.
This Decree takes effect on February 02, 2016.
