Instruction on Implementing the National Investment Law No. 72/SPC, December 15, 2015
关于落实2015年12月15日第72/ສພຊ号《国家投资法》的实施指示
ຄຳແນະນຳກ່ຽວກັບການຈັດຕັ້ງປະຕິບັດກົດໝາຍວ່າດ້ວຍການລົງທຶນຂອງລັດ ສະບັບເລກທີ 72/ສພຊ, ລົງວັນທີ 15 ທັນວາ 2015
Summary
This Instruction is formulated to implement the Law on State Investment No. 72/ສພຊ dated December 15, 2015, defining the concept of state investment, project classification (national-level and general state investment projects), project costs and identification, application materials, evaluation and approval, implementation (establishment of project responsibility groups, bidding, contract signing, construction), contract guarantees, project cost adjustments, suspension, fund allocation, cancellation, reporting, handover and acceptance, payment, external inspection and supervision, as well as penalties and enforcement.
Articles
Article 1
State investment. State investment means: through the budget system, investing state budget, natural resources, state property, state copyright, and official development assistance funds into infrastructure construction projects serving the public interest, providing materials and equipment, and promoting technology, in order to organize and implement national socio-economic development plans.
Article 2
Interpretation of Terms – Article 14 "Project Owner": Refers to ministries, ministry-level state organs, and local administrative organs that receive state investment budgets, specifically as follows: 2.1. At the central level: Ministries and ministry-level state organs, represented by the Minister or the head of the ministry-level organ; 2.2. At the local level: Provincial administrative organs represented by the Provincial Governor, and Vientiane Capital administrative organs represented by the Mayor. The Project Owner may authorize a department, province, or district-level office as the unit responsible for signing contracts and managing the implementation of the project. The authorized party must be the entity responsible for managing and using the project after its completion, and shall be referred to as the Project Implementation and Management Authority.
Article 3
Article 14 Project Owner: refers to ministries, ministerial-level agencies, and local governments that receive national investment budgets, specifically as follows: 2.1. Central level: ministries and ministerial-level agencies, represented by the minister or the head of the ministerial-level agency; | 2.2. Local level: provincial administrative organs, represented by the provincial governor or the mayor of the capital city. The project owner may authorize a department, bureau, provincial department, or county-level department to be responsible for signing contracts and managing the implementation of the project. The authorized party must be the entity that will manage and use the project upon its completion, and is referred to as the project management and implementation agency.
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