Nghe An: 98 projects have registered for investment under the public-private partnership model.

(Baonghean.vn) - In Nghe An province, there are 98 registered investment projects under the public-private partnership (PPP) model with a total investment capital of 57,523 billion VND. This is the registration figure up to 2020 in the province.

Some transportation routes in Nghe An are being developed under the Build-Transfer (BT) model. (Photo: PV)

According to data from the Department of Planning and Investment of Nghe An province, from 2007 to the present, there have been 29 PPP projects in the province that have been implemented, are being implemented, or are in the process of preparing investment policy documents, with a total budget of VND 10,007 billion. Of these: 26 projects are under the Build-Transfer (BT) contract model, 2 projects are under the Build-Operate-Transfer (BOT) contract model, and 1 project is under the Build-Own-Operate (BOO) contract model. However, to date, only 7 projects are operational (including 5 BT projects).

According to the registration list, by 2020, there were 98 projects registered under the PPP model with a total investment capital of VND 57,523 billion.

However, assessments indicate that project implementation is slow, and awareness of public-private partnership (PPP) investment remains inadequate, especially at the local (district) level where resources for development investment are managed and exploited; the number of PPP investment projects implemented in the province is still small and not commensurate with the province's potential; some state regulations on PPP investment lack consistency, and the implementation policies for PPP investment are inadequate in relation to the state's resource allocation for support and promotion.

Comrade Huynh Thanh Dien - Vice Chairman of the Provincial People's Committee and relevant departments inspect the site of the extended Ly Thuong Kiet road project, which is being invested in under the BT (Build-Transfer) model. (Photo: Archival material)

To facilitate attracting capital from public-private partnerships to reach 5% - 10% of total social investment mobilization (equivalent to VND 20,000 - 40,000 billion) in the 2017-2020 period, the Provincial People's Committee directs all levels, sectors, localities, and investors to coordinate in organizing and implementing projects to ensure quality, timely completion, and maximum effectiveness.

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