Vietnam transport ministry launches call for tender for North-South Expressway
All five sub-projects under the North-South Expressway project would be operated under the PPP mechanism, scheduled to commence in early 2021.
All five sub-projects under the North-South Expressway project would be operated under the PPP mechanism, scheduled to commence in early 2021.
A shortfall of 25% compared to the initial financial plan would trigger the risk-sharing mechanism in public-private partnership (PPP) projects.
The total investment capital of the expressway project has now been raised to VND100.81 trillion (US$4.32 billion), including VND78.46 trillion (US$3.36 billion) from the state budget.
PPPs can help by bringing in private sector capital and technical expertise as governments continue to look for value for money in infrastructure provision.
The public-private partnerships used to finance roads, ports, hospitals and dozens of other infrastructure projects could be affected by the pandemic-induced financial crisis. Here’s how to avoid that.
A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.
By changing the form of investment, construction of the expressway could start in the third quarter of 2020 instead of the first quarter of 2021 at the earliest.
Global Infrastructure Hub estimated that Vietnam needs to invest US$110 billion between 2021 and 2025 for infrastructure.
There are three key strategies that can help Vietnam achieve its ambitious development targets in the coming years.
Southeast Asian governments invest more as a share of total government expenditures than member countries of the OECD. Much of that spending goes for infrastructure.