15 Aug

City lists 68 PPP projects for investment

City lists 68 PPP projects for investment

Da Nang has listed 68 Public-Private Partnership (PPP) projects, including 22 ones involved in the hi-tech sector, appealing for domestic and foreign investors in the 2017 – 2020 period.

The projects involve in education, health care, tourism and services, trade, infrastructure, hi-tech farming, entertainment and environment.

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

The city authorities have classified the projects under the Build-Operate-Transfer (BOT), Build-Lease-Transfer (BLT), Build-Own-Operate (BOO) and Build-Own-Operate-Transfer (BOOT) models.

Some of the key projects are a solar power plant (400 million USD); Lien Chieu Port (324 million USD); mass transport system (2.7 billion USD); the relocation of the city’s railway station and associated urban redevelopment (678 million USD); Software Park No 2 (150 million USD) and a horse racing centre (200 million USD).

Da Nang is also appealing for domestic and foreign investment to develop the Tho Quang fishing wharf and fishing village into an ecotourism site; and to implement 3 other projects in solid waste and waste water treatment, plus a water supply system (225 million USD).

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

Da Nang has been a frontrunner in Viet Nam in deploying PPP projects, and cooperating with the Japan International Co-operation Agency (JICA) on key projects since 2012.

The city plans to host a business forum entitled ‘Investment in Da Nang’ from 7-10 September as a prelude of the 2017 APEC Economic Leaders’ Week in November.

Investment licences for some projects will be granted at the forum, and a series of Memoranda of Understanding (MoU) and loan agreements will also be signed.

Between January and June, the city granted investment licences to 36 FDI projects, worth 32 million USD in total.

To date, the city has attracted 461 FDI projects totalling 3.8 billion USD.