Da Nang lists 68 PPP projects for investment

The central city of Da Nang has listed 68 Public-Private Partnership (PPP) projects, 22 of them in the hi-tech sector, calling for investment from domestic and foreign businesses in the 2017-20 period.
Da Nang lists 68 PPP projects for investment ảnh 1Lien Chieu Port in Da Nang is one of a key project in infrastructure development (Illustrative photo: VNA)
Da Nang (VNA) - The central city of Da Nang has listed 68 Public-Private Partnership(PPP) projects, 22 of them in the hi-tech sector, calling for investment fromdomestic and foreign businesses in the 2017-20 period.

Theprojects are in the fields of education and training, health care, tourism andservices, trade, infrastructure, hi-tech farming, entertainment and environment.

The totalinvestment needed for these projects is estimated at 1.4 billion USD.

The DaNang administration has classified the projects under theBuild-Operate-Transfer (BOT), Build-Lease-Transfer (BLT), Build-Own-Operate(BOO) and Build-Own-Operate-Transfer (BOOT) models.

Some ofthe key projects are a solar power plant (400 million USD); Lien Chieu Port (324million USD); mass transport system (2.7 billion USD); railway station removaland urban resettlement (678 million USD); software park No 2 (150 million USD)and a horse racing centre (200 million USD).

Da Nang isalso calling for investment in the Tho Quang fishing port and fishing villageas an ecotourism site; and three projects in solid waste and waste watertreatment as well as a water supply system (225 million USD).

These PPP projects are expected to help Da Nang become a ‘green city’ by 2030.

Da Nang hasbeen a frontrunner in Vietnam in deploying PPP projects, co-operating with theJapan International Co-operation Agency (JICA) on key projects since 2012.

The cityplans to host a business forum on “Investment in Da Nang” from September 7-10 asa prelude of the 2017 Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting.

Investmentlicences for some projects will be granted at the forum, and a series ofMemoranda of Understanding (MoU) and loan agreements will be signed.

In thefirst half of this year, the city granted investment licences to 36 foreigndirect investment projects worth 32 million USD.

To date,the city has attracted 461 FDI projects worth 3.8 billion USD.-VNA
VNA

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