CONSOLIDATED DOCUMENT Joint Circular No. 99/2014/TTLT-BTC-BGTVT on the List of Values for Road Infrastructure Assets

JOINT CIRCULAR

Regulations on the Asset Valuation Table for Road Infrastructure

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Pursuant to Decree No. 215/2013/NĐ-CP dated December 23, 2013, promulgated by the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Pursuant to Decree No. 107/2012/NĐ-CP dated December 20, 2012 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Transport;

Pursuant to Decree No. 10/2013/NĐ-CP dated January 11, 2013 of the Government on the management, use, and operation of road infrastructure assets;

Based on the consensus opinion of the Ministry of Construction (in Circular No. 1428/BXD-KTXD dated June 25, 2014), the Minister of Finance and the Minister of Transport shall establish the Asset Valuation Table for Road Infrastructure.

PART I

GENERAL PROVISIONS

Article 1. Scope of Regulation

1. This Circular stipulates the valuation of road infrastructure assets as provided for in Clause 2, Article 16 of Government Decree No. 10/2013/NĐ-CP dated January 11, 2013 on the management, use, and exploitation of road traffic infrastructure assets (hereinafter referred to as Decree No. 10/2013/NĐ-CP) existing up to February 28, 2013, serving as the basis for determining the value of road infrastructure assets that the State has assigned to each directly managing agency or unit in accordance with the law.

2. For road infrastructure assets completed and put into use from March 1, 2013 onwards, the original cost of the road infrastructure asset recorded in the accounting books shall be the project completion settlement value approved by the competent state authority.

Article Thông tư này áp dụng đối với tổ chức, cá nhân có liên quan đến hoạt động kinh doanh đối tượng thủy sản nuôi chủ lực trên lãnh thổ Việt Nam.

1. The state management agency for road infrastructure assets.

2. Agencies and units directly managed by the State in accordance with Article 18 of Decree No. 10/2013/NĐ-CP, including:

a) The Highway Administration or agencies and units directly managed by ministries or central agencies;

b) Provincial Departments of Transport under centrally governed cities;

c) People's Committees of districts, counties, towns, and provincial cities;

d) People's Committees of communes, wards, and towns.

3. Other related entities

Article 3. Principles for Applying the Asset Valuation Table for Road Infrastructure

1. The Asset Valuation Table for Road Infrastructure established in this Circular shall be applied to determine the value of existing road infrastructure assets up to February 28, 2013 at agencies and units directly managed by the State.

2. The value of road infrastructure assets determined in accordance with Clause 1 of this Article shall be used as the original cost for recording in the accounting books of road infrastructure assets in accordance with Section 2, Chapter III of Decree No. 10/2013/NĐ-CP.

3. The values specified in the Asset Valuation Table for Road Infrastructure shall not be used to prepare budgets, settle projects for investment construction, upgrading, and renovation of road infrastructure assets, or for purposes such as transfer, lease, or joint venture contributions based on the value of road infrastructure assets.

Chapter II

SPECIFIC PROVISIONS

Article 4. Valuation of Road Infrastructure Assets

1. The Valuation Table for Roads and Ancillary Works Attached to Roads (including bridges under 25 meters long):

a) The Valuation Table for Expressways

Unit of measurement: million dong/kilometer

b) The Valuation Table for National Highways, Provincial Roads, District Roads, and Communal Roads

Unit of measurement: million dong/kilometer

c) The Valuation Table for Urban Roads

Unit of measurement: million dong/kilometer

2. The Valuation Table for Bridges Over 25 Meters Long and Ancillary Works Attached to Bridges

Unit of measurement: million dong/meter²

3. The Valuation Table for Road Tunnels and Ancillary Works Attached to Road Tunnels

Unit of measurement: million dong/meter²

The price specified in this Table applies to one square meter of road within a road tunnel.

4. The Valuation Table for Ferry Terminals and Ancillary Works Attached to Ferry Terminals

Unit of measurement: million dong/meter²

5. The Valuation Table for Bus Terminals

Unit of measurement: million dong/meter²

6. The Valuation Table for Parking Lots

Unit of measurement: million dong/meter²

7. The Valuation Table for Rest Stops

Unit of measurement: million dong/meter²

8. The Valuation Table for Weighing Stations

Unit of measurement: million dong/station

9. The Valuation Table for Toll Collection Stations

Unit of measurement: million dong/station

10. The Valuation Table for Highway Management Office Buildings

Unit of measurement: million dong/meter² Construction Floor

Article 5. Determining the value of road infrastructure assets to be recorded as original cost in accounting entries

1. Based on the actual road infrastructure assets directly managed and the unit price of road infrastructure assets stipulated in Article 4 of this Circular, the agencies and units specified in Clause 2, Article 2 of this Circular shall implement:

a) Classify road infrastructure assets in accordance with the provisions of Clause 2, Article 16 of Decree No. 10/2013/NĐ-CP;

b) Specifically determine the data (quantity, volume) of each road infrastructure asset according to the unit of measurement specified in the Road Infrastructure Asset Price Table, which falls within the scope of recording road infrastructure asset accounting entries as stipulated in Article 17 of Decree No. 10/2013/NĐ-CP;

c) Implement the determination of the value of each road infrastructure asset according to the formula:

2. In cases where the road infrastructure assets under management have not been classified or categorized (or have been classified or categorized but are not consistent with the classification or category specified in the Road Infrastructure Asset Price Table), the agency or unit directly managing such assets shall report to the Ministry of Transport (for central-managed road infrastructure assets) or the Department of Transport (for locally-managed road infrastructure assets) to unify the classification or category for recording in accounting entries.

3. In cases where the road infrastructure assets under management are not or are not provided with prices in the Road Infrastructure Asset Price Table, the agency or unit directly managing such assets shall report to the financial authority of the competent ministry or sector (for central-managed road infrastructure assets) or the Department of Finance (for locally-managed road infrastructure assets) to unify the value for recording in accounting entries.

4. The value of road infrastructure assets determined in accordance with Clause 1 of this Article shall be documented in Record Form No. 01/GT-TSHTĐB issued together with this Circular and shall be used as the original cost of road infrastructure assets for recording in accounting entries in accordance with the regulations of the Ministry of Finance.

Article 6. Time limit for determining the value of road infrastructure assets road

1. The determination of the value of road infrastructure assets as stipulated in Article 5 of this Circular shall be the responsibility of the agencies and units directly managing such assets.

2. The implementation period starts from the date this Circular takes effect and must be completed before December 31, 2014, ensuring that the accounting records for road infrastructure assets begin on January 1, 2015, in accordance with the regulations of the Ministry of Finance.

Chapter III

IMPLEMENTATION

Article 7. Responsibilities of agencies and units

1. The Ministry of Transport and related ministries and sectors; People's Committees of provinces and centrally-administered cities shall direct relevant agencies and units to comply with the provisions of this Circular.

2. Agencies and units directly managing road infrastructure assets shall be responsible for determining the value of the road infrastructure assets they manage in accordance with this Circular, ensuring completeness and compliance with the prescribed deadlines.

Article 8. Implementation Provisionsperform

1. This Circular takes effect from September 15, 2014.

2. During the implementation of this Circular, if any difficulties arise, agencies and units are requested to promptly report to the Ministry of Finance and the Ministry of Transport for coordination in resolving them./.