Da Nang lists 68 PPP projects for investment
Da Nang lists 68 PPP projects for investment
The central city 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.
The projects are in the fields of education and training, healthcare, tourism and services, trade, infrastructure, hi-tech farms, entertainment and environment.
The total investment needed for these projects is estimated at US$1.4 billion.
The Da Nang administration has 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); Lien Chieu Port ($324 million); mass transport system ($2.7 billion); railway station removal and urban resettlement ($678 million); software park No 2 ($150 million) and a horse racing centre ($200 million).
Da Nang is also calling for investment in the Tho Quang fishing port and fishing village as an ecotourism site; and three projects in solid waste and waste water treatment as well as a water supply system ($225 million).
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, co-operating with the Japan International Co-operation Agency (JICA) on key projects since 2012.
The city plans to host a business forum on “Investment in Da Nang” as a prelude of the 2017 Asia-Pacific Economic Co-operation (APEC) Summit from September 7-10.
Investment licences for some projects will be granted at the forum, and a series of Memoranda of Understanding (MoU) and loan agreements will be signed.
In the first half of this year, the city granted investment licences to 36 foreign direct investment projects worth $32 million.
To date, the city has attracted 461 FDI projects worth $3.8 billion.
