For non-governmental investment projects, is preliminary design still reviewed?
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Dear experts, the \"Regulations on Government Investment\" stipulate: \"Article 9, Paragraph 1: For projects in which the government invests through direct investment or by injecting capital (hereinafter collectively referred to as government-invested projects), the project entity shall prepare a project proposal, a feasibility study report, and a preliminary design, and submit them to the investment management authority or other relevant departments for approval in accordance with the authorities granted for government investment management and the prescribed procedures.\" ”Do government-funded investment projects require preliminary design and budget approval? Do projects that are not within this category (i.e., non-government-funded investment projects) not need preliminary design approval? Just three reviews that are approved are enough?
Yes, according to the Provisions on Government Investment, only government-funded investment projects require approval for preliminary design and cost estimates. Non-governmental investment projects fall outside the scope of these regulations; therefore, no preliminary design approval is required. It is only necessary to complete the review of relevant documents such as project proposals and feasibility study reports. .