Business

Private firms encouraged to invest in PPP infrastructure projects

The door to investments is always open for private businesses who want to engage in public-private-partnership (PPP) infrastructure projects.
Private firms encouraged to invest in PPP infrastructure projects ảnh 1Illustrative image (Source: VNA)

The door to investments is always open for private businesses who want to engage in public-private-partnership (PPP) infrastructure projects.

The Ministry of Agriculture and Rural Development is scheduled to make a mid-term investment plan for 16 PPP projects worth nearly 6.4 trillion VND (293.3 million USD) from 2016-2020.

Meanwhile, the education and training sector plans to mobilise 81.6 percent of capital from private enterprises to invest in PPP projects worth over 6.1 trillion VND (279.5 million USD) for the next five years.

According to the Ministry of Transport, 48 PPP transport projects are being carried out in Vietnam. Last year alone, the capital mobilisation from private firms reached nearly 43 trillion VND (1.95 billion USD).

From now to 2020, the sector needs some 960 trillion VND (43.44 billion USD) for infrastructure investment, including approximately 400 trillion VND (17.96 billion USD) for PPP projects.

Capital resources for PPP projects are considerably huge, but the issue lies in harmonising the interests of the State, investors and customers.

Regarding the matter, Head of the Auction Management Department under the Ministry of Planning and Investment Le Van Tang said the provision of public services must follow State requirements and conditions.

The selection of investors will be conducted through auctions to ensure equality, he said, adding that the State will have specific regulations to support investors in the field.

Government Decree 15/2015/ND-CP on PPP issued in February 2015 has created a legal mechanism to attract investors to PPP projects via tax incentives.

After the decree came into effect in April this year, the number of PPP projects has increased considerably, including the Dau Giay-Phan Thiet highway, An Nghiep sewage treatment plant, Nhon Trach inter-port road and other water supply projects for rural areas.-VNA

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