Breakthroughs needed to lure investment in infrastructure hinh anh 1 View of the Long Thanh-Dau Giay Expressway, the first PPP project for expressway (Source:Internet)
Hanoi (VNA)Deputy Prime Minister Trinh Dinh Dung has asked ministries and localities to make breakthroughs in attracting investment for Public Private Partnership (PPP) infrastructure projects.

The ministries and localities need to redefine PPP projects of priority, which will be screened by the Ministry of Planning and Investment (MPI) before proposing the amount of capital to be supported by the State.

The MPI was asked to work with the Japan International Cooperation Agency (JICA) and other sponsors to build a mechanism to mobilise Official Development Assistance (ODA) sources for the PPP projects based on the calculations of disbursement of the committed agreements and the suitable loan limit in accordance with law on public debt management.

The MPI should collaborate closely with the Ministry of Finance and relevant agencies to implement the role in managing JICA’s loans along with selecting PPP projects.

The two ministries were requested to conduct research on other forms of state capital contribution to PPP projects.

The Deputy PM also asked the MPI to submit to the Prime Minister a summary report on mechanisms to support state capital to PPP projects within this month.-VNA