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Tuesday, June 18, 2024

Ten PPP projects in HCMC lag behind schedule

The Saigon Times

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HCMC – Work on 10 public-private partnership (PPP) projects in HCMC, which should have been completed in the 2016-2020 period, will continue in the 2021-2025 period.

In a report on the deployment of policies and regulations on practicing thrift and preventing wastefulness in the 2016-2021 period, the HCMC government stated that six PPP projects were put into use during the period.

These comprised the Tan Son Nhat-Binh Loi-Outer Ring Road project, two public passenger transport waterway routes, the D3 road leading to the Hiep Phuoc Port, a road connecting Nguyen Duy Trinh and the Phu Huu Industrial Park, the first phase of a facility to treat wastewater on the Tham Luong Canal and cinemas at the Cultural Center of District 12.

Meanwhile, most of the 10 PPP projects lagging behind schedule are build-transfer ones. They consist of a parallel road with the HCMC-Long Thanh-Dau Giay Expressway, a road linking Pham Van Dong Street and the Go Dua Intersection, the first phase of a flood tide control project, a road connecting Vo Van Kiet Avenue and the HCMC-Trung Luong Expressway and the Binh Trieu 2 Bridge, among others.

The HCMC government pointed out three leading causes for the delay of these projects: the slow handover of cleared land, the protracted handling of administrative procedures and the slow disbursement of refinanced loans, Thanh Nien Online newspaper reported.

Before the Law on Public-Private Partnership was issued, investors needed to comply with many relevant legal documents during the execution of a project, including 15 laws and decrees and 28 circulars. Regulations on PPP investment are inconsistent and unclear, causing multiple difficulties for investors.

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