The Ministry of Transport has approved of the project planning to build Sa Pa Airport in Lao Cai Province, along the Hai Phong-Hanoi-Lao Cai economic corridor.
The government continues to support private investors participate in major transportation projects under the form of public-private partnership (PPP).
A lack of consistency in policies and credible guarantee from the government would prevent investors from participating in any PPP projects, said an expert.
Recently, a workshop was held in Hanoi aimed to look into the prevention and settlement of contractual disputes in infrastructure public-private partnership (PPP) projects.
According to foreign business executives, public-private partnership (PPP) projects in Vietnam carry many hidden risks and which not only needs good, transparent and rapid decision-making mechanism to start, but also ones where unexpected behavior changes in either the state or the corporate partner can have dire consequences.
Tolls on eight sections being developed under the public-private partnership format for the North-South expressway project are likely to be collected for at least 24 years.
Government has just approved the construction of two key expressway projects—Hoa Binh-Moc Chau in the north-west and Phan Thiet-Dau Giay in the south, under the public-private partnership (PPP) model.
Da Nang’s Department of Transportation has just announced a list of 10 transport projects calling for investment in the public-private partnership (PPP) format. These projects have been approved by the city People's Council and People's Committee.
Public-private partnership (PPP) is considered among the optimal solutions to facilitate capital mobilisation for investment in infrastructure and services. However, the legal regulatory and institutional frameworks also need to be clear and robust to enable investors to accept risks over the longer term with some certainty of the framework within which these risks are being taken.
The central city of Da Nang is calling for investment to 14 public parking lots in a bid to serve the surging demand resulted by a sharp increase of motorized vehicles.