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Gov’t considers public-private investment in infrastructure
A new idea in structuring investment--the private and public partnership (PPP)-has been submitted for approval to the government by the Ministry of Investment and Planning (MPI).
Under the MPI’s proposal, PPP will be deployed under a pilot programme encompassing a wide variety of projects, including the building of roads, bridges, ferry landings, railways, urban transport systems, airports, seaports, river ports, clean water supply systems, electric-power plants, infrastructure and public services.
Those projects selected for PPP investment must meet several requirements in terms of their importance, scale and ability to recoup capital.
In addition, the projects must be competitive in terms of technology, management and operations, and effectively use private financial resources, along with other criteria, under the PM’s decision.
According to the Ministry of Transport, there are about 10 highway, high-speed railway and seaport projects calling for domestic and foreign investment in the form of PPP.
The projects include the Dau Giay-Phan Thiet, Ninh Binh-Thanh Hoa, Da Nang-Quang Ngai, My Thuan-Can Tho, Noi Bai-Ha Long, Ha Long-Mong Cai, Dau Giay-Da Lat, and Ben Luc-Long Thanh highways, Hai Phong international port and the Ho Chi Minh City-Can Tho high-speed railway.
A 14.3 trillion-VND highway linking Dau Giay with Phan Thiet city is expected to be the first PPP project.
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