Transport sector focuses on BOT, BT, PPP investment
The transport sector has mobilised resources to invest in Build-Operate-Transfer (BOT), Build-Transfer (BT) and Public Private Partnership (PPP) projects in various fields.
According to Le Anh Tuan, Head of the TPP Department under the Ministry of Transport (MOT), the ministry has so far managed 56 projects of these kinds with a total investment of VND165 trillion (nearly US$7.82 billion).
Of those, 14 have been put into use, 34 others are underway and the remaining will be soon implemented, he said.
PPP invested highway projects such as Dau Giay-Phan Thiet, Ninh Binh-Thanh Hoa-Bai Vot (Ha Tinh province) and Trung Luong-My Thuan highways are facing difficulties in mobilising funds due to high costs and the need for government contributions.
Meanwhile, the air, rail and river transport sectors have yet to mobilise capital for infrastructure construction and have payback policies and methods.
To solve these problems, Tuan said the MOT has focused on promoting key BOT projects on national highways 1 and 14 by accelerating the completion of procedures related to investment licence and signing of project and credit contracts.
The PPP projects will be divided into phases with the first one prioritised while BT infrastructure projects will be refunded by using land or operating other projects in combination with the local economic development, he noted.
The ministry has directed its agencies to further promote investment and provide adequate and prompt information on BOT, BT and PPP projects. The State will continue collecting road fees or selling this right to get money to refund loans.