Illustrative image (Photo: VNA) HCM City (VNA) – A seminar was held in HoChi Minh City on August 30 by the Japan International Cooperation Agency (JICA)to introduce investment opportunities in infrastructure under public-privatepartnership (PPP) model.
Speaking at the event, Deputy Director of the HCM City Department of Planningand Investment Tran Anh Tuan said the city needs over 326.5 trillion VND (16.2billion USD) to achieve socio-economic development goals for the 2016 – 2020period. Meanwhile, the State budget only meets 52 percent of the total demand,equivalent to 171.8 trillion VND (7.4 billion USD).
He said the city will refine the legal framework on PPP investment, offerincentives, pool land and housing resources for the effort in the near future.It will also build a new portfolio and launch PPP projects on wastewatertreatment and health care.
According to a survey of local infrastructure development and public services,23 expanded PPP projects are being carried out in the city.
Among 294 projects calling for capital, 10 promising projects have been chosen,including Nguyen Tri Phuong hospital construction, underground parking lot atHoa Lu stadium, waste-to-energy project in Phuoc Hiep commune, Cu Chi district.
Hashimoto Hidenori from JICA said apart from traditional official developmentassistance (ODA), JICA now offers another financial tool to developinfrastructure with the participation of the private sector, namely the PrivateSector Investment Finance via lending or capital contribution.
Partners could borrow 10 – 150 million USD depending on each project for 20years and pay every six months. JICA will also join projects as a minorityinvestor with a maximum capital contribution of 25 percent out of thetotal.-VNA
Speaking at the event, Deputy Director of the HCM City Department of Planningand Investment Tran Anh Tuan said the city needs over 326.5 trillion VND (16.2billion USD) to achieve socio-economic development goals for the 2016 – 2020period. Meanwhile, the State budget only meets 52 percent of the total demand,equivalent to 171.8 trillion VND (7.4 billion USD).
He said the city will refine the legal framework on PPP investment, offerincentives, pool land and housing resources for the effort in the near future.It will also build a new portfolio and launch PPP projects on wastewatertreatment and health care.
According to a survey of local infrastructure development and public services,23 expanded PPP projects are being carried out in the city.
Among 294 projects calling for capital, 10 promising projects have been chosen,including Nguyen Tri Phuong hospital construction, underground parking lot atHoa Lu stadium, waste-to-energy project in Phuoc Hiep commune, Cu Chi district.
Hashimoto Hidenori from JICA said apart from traditional official developmentassistance (ODA), JICA now offers another financial tool to developinfrastructure with the participation of the private sector, namely the PrivateSector Investment Finance via lending or capital contribution.
Partners could borrow 10 – 150 million USD depending on each project for 20years and pay every six months. JICA will also join projects as a minorityinvestor with a maximum capital contribution of 25 percent out of thetotal.-VNA
VNA
