April 21, 2020 | 16:38 (GMT+7)
PPP projects must have investment of more than 4.4 million USD: NA deputies
The National Assembly (NA) Standing Committee reached a consensus on the investment scale of Public-Private Partnership (PPP) projects on April 20.
While discussing the draft law on PPP at their 44th session, legislators agreed that PPP projects in healthcare and education in remote and extremely disadvantaged areas must have a minimum investment of 100 billion VND (4.4 million USD).
PPP projects in other sectors and areas must have a minimum investment of 200 billion VND (8.8 million USD).
The PPP project investment scale is mentioned in Item 3, Clause 5 of the draft law.
NA Vice Chairman Phung Quoc Hien said the draft law must ensure consistency within the legal system but could still contain specific regulations to attract investment.
The legislators agreed to uphold the responsibilities of people who approved and assessed investment projects.
They said there should be a risk-sharing mechanism between the public and private sectors in case projects suffered falling profits due to changes to State policies.
Source: VNA