The public-private partnership (PPP) form of investment is considered a key factor in implementing a simplified and transparent public administration.  The implementation of PPP helps to reduce the financial burden on the city’s budgets for public investment, lower public debts, and enhance the efficiency of investment and State management work.

A section of the Hoang Van Thai extended road - one of the successful PPP projects

Realising the advantages of this form of investment, the Da Nang authorities are making every effort to appeal for public-private cooperation in large local projects.

In particular, the city has revealed a list of 38 projects, in total worth over 17,400 billion VND, which will be offered for PPP.  Many local transport and technical infrastructure projects have been implemented on the base of one of the following investment models: build-transfer (BT), build-operate-transfer (BOT), and operate-manage (O&M).  Included are the over 1.072 billion VND Hoang Van Thai extended road linking the city centre with the Ba Na-Suoi Mo ecotourism area, the over 101 billion VND technical infrastructure development project at the Hoa Hiep relocation area No 4, and the over 269 billion VND Nguyen Tat Thanh extended road connecting with the Quan Nam-Thuy Tu residential area.

Priority is now being given to appealing for domestic and foreign investment into such PPP projects as the Vinmec Hospital, the supplies of medical equipment for the Da Nang General Hospital and the city’s Maternity and Paediatrics Hospital, the Tran Hung Dao extended road project, the construction of a road tunnel under the Han River, and the upgrade of The Le Do Cinema.

The municipal Department of Planning and Investment has proposed that appeals for more investment into local O&M cultural and educational projects should also be made. 

According to local businesses, the Department should issue more preferential policies to attract more private investment into PPP projects, as well as release the necessary guidance circulars stipulating the contract forms, bidding documents, and other related administrative procedures.  Meanwhile, it is proposed that the Ministry of Planning and Investment should organise more training courses on the deployment of PPP projects.