The Ministry of Water Resources ("MWR") has recently distributed the Measures for the Implementation and Assessment of Central Plans for Water Resources Investment (the "Measures"), immediately effective from the issue date.
The Measures make clear the overall objectives to be assessed, stating that investment plans issued in the current year shall have been basically completed by the year end, over 90 percent of current year's central investment plans for major water resources projects shall have been accomplished, and this year's central investment plans for other water resources projects shall have been finished at more than 80 percent then. In particular, where the State specifies the time limit in the investment plan for a project over its completion, specific requirements on these time limits shall prevail. Meanwhile, the Measures stipulate that the assessment will be conducted in two different forms, including the regular assessment to check the progress and the annual all-round assessment. The former will be performed twice a year, while the latter once a year on December 31 of each year. Furthermore, the Measures clearly specify that the assessment results will be graded at three different levels. To be specific, projects earning a score of 90 or above will be considered excellent, while those with a score of more than 70 but lower than 90 pass the assessment and those receiving a score of lower than 70 fail in the assessment.