Investing in projects in 4 Central provinces using Formosa's compensation money

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Specifically, it will build and upgrade fishing service and logistics facilities for coastal fishing communities in Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue provinces to restore and develop fisheries. At the same time, it will restore and regenerate aquatic ecosystems and aquatic resources in coastal waters of Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue provinces to regenerate coral reef ecosystems, create artificial habitats for aquatic species to reside, and restore and regenerate aquatic resources.

Regarding investment content, the Decision clearly states: Projects to build and upgrade fishing logistics service facilities focus on building and upgrading fishing ports, fishing wharves, dredging waterways, and supporting works serving aquaculture production activities. Implement projects to restore and regenerate aquatic ecosystems and aquatic resources in 4 provinces: Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue.

The capital for investment will come from the compensation from Formosa Ha Tinh Steel Corporation. This fund will be directly allocated to the provinces to implement the projects.

In particular, the total investment capital for projects to build and upgrade fishing logistics service facilities in each province must not exceed 400 billion VND; no adjustment will be made to increase the total investment capital during the project implementation process.

The total budget for the two projects to restore and regenerate aquatic ecosystems and aquatic resources in Quang Binh and Thua Thien Hue is no more than 340 billion VND.

Investment implementation period for projects until December 31, 2020.

The Prime Minister assigned the Ministry of Planning and Investment to preside over, guide, inspect and urge the People's Committees of 4 provinces to implement investment projects to build and upgrade fishing logistics service facilities according to this Decision. Timely resolve difficulties and problems according to functions and authority.

The Ministry of Agriculture and Rural Development shall preside over the inspection of the suitability of the objectives, scale, total capital, and progress of the investment project, construction, and upgrading of fishery logistics service facilities; be responsible for providing professional guidance to the provinces during the construction and implementation of the project "Restoration and regeneration of aquatic ecosystems and aquatic resources". Organize inspection and supervision of progress, promptly resolve difficulties and problems according to functions and authority.