New Decree on incentives in selecting investors for PPP projects
The Government has just issued a Decree detailing the implementation of a number of articles of the Law on Bidding on investor selection.
The Decree consists of 10 chapters and 99 articles, detailing the implementation of a number of articles of the Law on Bidding on the selection of investors as prescribed in Clause 3, Article 1 of the Law on Bidding, including investment projects in the form of public-private partnerships (PPP) as prescribed by the Government on PPP investment; investment projects using land plots and land funds with high commercial value, requiring the selection of investors from the list of approved projects as prescribed to build works in urban areas and new urban areas; commercial housing; commercial and service works; multi-purpose complexes that do not fall under the prescribed cases.
In addition to general provisions, the Decree provides a number of provisions on pre-qualification and investor selection plan; open bidding to select investors to implement PPP projects; open bidding to select investors to implement investment projects using land; designated bidding in investor selection...
The Decree stipulates incentives in selecting investors to implement PPP projects. Accordingly, in case an investor has an approved feasibility study report and project proposal (for group C projects), that investor will enjoy incentives during the financial-commercial evaluation process.
Specifically, in case of applying the service price method, investors not eligible for incentives must add an amount equal to 5% of the service price to the service price of that investor for comparison and ranking.
In case of applying the State capital contribution method, investors not eligible for incentives must add an amount equal to 5% of the proposed State capital contribution to the State capital contribution that the investor proposes for comparison and ranking.
In case of applying the social benefit and state benefit methods, investors eligible for incentives will be added an amount equal to 5% of the state budget contribution to the state budget contribution that the investor proposes for comparison and ranking.
In case of applying the combined method, investors are entitled to incentives according to the proportion of the combined method, but the total incentive value does not exceed 5%./.
According to Vietnam+
