Ministry proposes PPP law

17-Mar-2018 Intellasia | The Saigon Times | 6:00 AM Print This Post

The Ministry of Planning and Investment has proposed a law that governs investment activity under public-private partnership (PPP), especially build-operate-transfer (BOT), according to Tien Phong newspaper.

The law would help solve problems with PPP transport projects, especially those under BOT, the ministry reasoned.

The National Assembly (NA) Standing Committee set up a team to inspect the enforcement of regulations on investment and operation of BOT infrastructure projects. Based on inspection results, the committee issued a resolution detailing tasks and solutions for enforcement of regulations on BOT projects.

According to the resolution, the NA Standing Committee asked the government and the prime minister to provide regulations on PPP, especially BOT, and assist the NA in drafting a law on PPP investment, Tien Phong quoted a representative of the Ministry of Planning and Investment as saying.

The law should provide specific rules on assessment of investors’ financial capacity and selection of investors, and financial sanctions against investors who are late to update traffic density and declare toll revenue and payback period.

Investors would have to guarantee the quality of their projects before transferring them to the State.

The law would regulate specific responsibilities of State agencies for investment and operation procedures for BOT projects.

At present, PPP investment is regulated by government Decree 15/2015/ND-CP, government Decree 30/2015/ND-CP on selection of investors and related circulars and directives.

http://english.thesaigontimes.vn/58781/Ministry-proposes-PPP-law.html

 


Category: Economy, Vietnam

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