PPP –optimal solution to infrastructure investment in HCM City
Public-private partnership (PPP) is one of the optimal solutions to investment attraction for infrastructure projects in Ho Chi Minh City, said Chairman of the municipal People’s Committee.
HCM City (VNA) – Public-private partnership (PPP) isone of the optimal solutions to investment attraction for infrastructureprojects in Ho Chi Minh City, said Chairman of the municipal People’s CommitteeNguyen Thanh Phong.
The city has so far launched 153 PPP projects worth 451trillion VND (19.6 billion USD) , 23 of them valued at 71 trillion VND havebeen completed while others are in the preparatory phase, he said at aconference on June 14 to review investment attraction for PPP infrastructureprojects.
HCM City has issued a number of policies to improve businessclimate, notably the establishment of the PPP Steering Committee, he said,adding that it is working to set up the Project Development Fund (PDF) and the ViabilityGap Fund (VGF) to provide funding for PPP projects, he said.
According to Phong, from 2006-2020, the city’s capitaldemand amounts to 850 trillion VND but the municipal budget only meets 20 percent.
Total investment for transport, environment and floodingcontrol projects is estimated at over 500 trillion VND, but the city’s budget satisfiesa mere 31.8 percent, he further said.
Nguyen Thi Thu Hoa, Deputy Director of the municipalDepartment of Planning and Investment, said the city recorded 18 projects worthmore than 59 trillion VND in the build-operate-transfer, build-transfer,build-transfer-operate, and build-own-operate models during 2004-2015, 15 ofthem are in transport field.
After the government issued Decree 15/2015/ND-CP on February14, 2015 on investment in PPP, the city embarked on five projects with a totalinvestment of around 12 trillion VND.
A representative from the Ho Chi Minh City Finance andInvestment State-owned company (HFIC) suggested the city step up administrativereform, provide transparent planning information, and soon establish PDF andVGF to channel funding into PPP projects.-VNA
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Illustrative image (Source: VNA) 
