The projects are in the fields of education and training, health care, tourism and services, trade, infrastructure, hi-tech farming, entertainment and environment.

Lien Chieu Port in Da Nang is one of a key project in infrastructure development. (Photo for illustration) 

The total investment needed for these projects is estimated at USD 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 (USD 400 million); Lien Chieu Port (USD 324 million); mass transport system (USD 2.7 billion); railway station removal and urban resettlement (USD 678 million); software park No.2 (USD 150 million) and a horse racing center (USD 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 (USD 225 million).

These PPP projects are expected to help Da Nang become a ‘green city’ by 2030.

Da Nang has been a front-runner in Vietnam 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” from September 7-10 as a prelude of the 2017 Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting.

Investment licences for some projects will be granted at the forum, and a series of Memorandums 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 USD 32 million.

To date, the city has attracted 461 FDI projects worth USD 3.8 billion.

Source: VNA