State's contribution not decisive factor to attract investors to PPP projects: Minister
WVR/VNA - On November 7, Minister of Transport Nguyen Van Thang said that the State’s contribution is not a decisive factor to attract investors to public-private partnership (PPP) infrastructure projects.
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| Minister of Transport Nguyen Van Thang joins the NA's Q&A session on November 7. (Photo: VNA) |
What the Government needs to do is to commit to fulfilling its obligations in PPP projects such as buying back projects if there is a problem from the State, and balancing capital share and sharing with businesses when revenue decreases, she said.
She stressed the need to concentrate on the entire project life cycle including operation, maintenance, exploitation, and service provision, instead of only the construction phase. "It is necessary to avoid consider PPP investment as public investment or pure private investment," she said.
Deputy Vu Tien Loc from Hanoi said that the proportion of the State capital must be based on specific projects and specific phases of the projects.
Loc called for amendments to the PPP Law to make it more practical, not only in transport projects but others in the education and healthcare sectors.
Minister Thang said that PPP projects are facing difficulties, which reduces investors’ trust. Since the PPP Law was approved, few enterprises have been interested in PPP projects. So he proposed to amend the law in the coming time.
(Source: VNA)
