Decision No. 821/TTg approves the Investment Project for Building a Coastal Fishing Fleet of Thanh Hoa Service and Aquatic Product Development Company.

Pursuant to …;

Approving the Investment Project for Building a Coastal Fishing Fleet for the Thanh Hoa Service and Special Aquatic Product Development Company
_________

PRIME MINISTER

Pursuant to the Government Organization Law dated September 30, 1992;

Pursuant to Decree No. 42-CP dated July 16, 1996, and Decree No. 92-CP dated August 23, 1997, of the Government on the issuance of the Regulations on Investment Management and Construction;

Considering the proposal of the People's Committee of Thanh Hoa Province (Document No. 1530-CV/NN/UBTH dated August 27, 1996), the Ministry of Fisheries (Document No. 559-CV/KHĐT dated March 19, 1997), and the opinions of relevant ministries and sectors;

In accordance with the proposal of the Ministry of Planning and Investment at Document No. 5591-BKH/VPTĐ dated September 9, 1997,

DECISION:

Article 1. Approves the Investment Project for Building a Coastal Fishing Fleet for the Thanh Hoa Service and Special Aquatic Product Development Company with the following main contents:

1. Project Name: Investment in Building a Coastal Fishing Fleet.

2. Project Owner: Thanh Hoa Service and Special Aquatic Product Development Company

3. Location: Lach Hoi Fish Port, Quang Tien Commune, Sam Son City, Thanh Hoa Province.

4. Products:

- Annual fishing volume approximately 3,470 tons of various seafood.

- Processing seafood.

5. Main investment items:

- Domestic construction of 8 to 10 fishing vessels of 365CV type, equipped with imported equipment.

- Ice production plant, capacity 9,000T/year.

- Cold storage warehouse, capacity 1,160T/year.

6. Implementation Method:

- Shipbuilding: Domestic tendering.

- Purchase of equipment using Danish ODA funds, limited tendering.

- Other items: Implemented according to current regulations on investment management and construction.

7. Total Investment: 5,669,934 USD (Five million six hundred sixty-nine thousand nine hundred thirty-four US dollars), which is the maximum allowable investment for the project, including:

- Equipment capital: 3,180,286 USD

- Construction and installation capital: 1,963,843 USD - Working capital: 525,805 USD.

The total investment will be officially determined after the tender results are obtained but the total project investment must not exceed the maximum allowable amount.

8. Sources of Funds: By means of Danish ODA funds and domestic investment credit loans.

Working capital provided by the Thanh Hoa provincial state budget and borrowed from commercial banks.

The Ministry of Planning and Investment shall take the lead, together with the Ministry of Finance and relevant agencies, to negotiate with the Danish side and balance the funds for the project.

9. Project Implementation Period: 1997-1998.

Article 2. The project owner is responsible for implementing the project in accordance with current regulations on investment management and construction and the Tendering Regulations; implementing other state regulations as guided by the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Fisheries, and relevant ministries and sectors; repaying loaned funds and putting the constructed facilities into effective use.

Article 3. The Ministers of the Ministries of Planning and Investment, Finance, Fisheries, Construction, Trade, Science, Technology, and Environment, the Governor of the State Bank of Vietnam, the Heads of relevant ministries and sectors, the Chairman of the People's Committee of Thanh Hoa Province, and the project owner are responsible for enforcing this Decision./.