Politics

PPP projects must have investment of more than 4.4 million USD: NA deputies

The National Assembly (NA) Standing Committee reached a consensus on the investment scale of Public-Private Partnership (PPP) projects on April 20.
PPP projects must have investment of more than 4.4 million USD: NA deputies ảnh 1NA deputies discuss the draft law on PPP and draft revised Youth Law on April 20. (Photo: VNA)

Hanoi (VNA) - The National Assembly (NA) Standing Committee reached aconsensus on the investment scale of Public-Private Partnership (PPP) projectson April 20.

While discussing the draft law on PPP at their 44th session, legislators agreedthat PPP projects in healthcare and education in remote and extremely disadvantagedareas must have a minimum investment of 100 billion VND (4.4 million USD).

PPP projects in other sectors and areas must have a minimum investment of 200billion VND (8.8 million USD).

The PPP project investment scale is mentioned in Item 3, Clause 5 of the draftlaw.

NA Vice Chairman Phung Quoc Hien said the draft law must ensure consistencywithin the legal system but could still contain specific regulations to attractinvestment.

The legislators agreed to uphold the responsibilities of people who approvedand assessed investment projects.

They said there should be a risk-sharing mechanism between the public andprivate sectors in case projects suffered falling profits due to changes toState policies./.
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