Da Nang seeks $768m investment

09:10 | 28/12/2015 Economy

The central city has called for investment in 19 Public-Private Partnership (PPP) projects, with total capital of VND16.5 trillion (US$768 million).

Da Nang seeks $768m investment

A view of central Da Nang City, which plans for $768 million from PPP projects in the current time — Photo enternews.vn

The city's secretariat said these projects were classified under Build-Operate-Transfer, Build-Transfer, Build-Lease-Transfer and Operation and Management models.

These projects are key for building up the city as a "green city", following the introduction of an adjusted master urban plan for 2030 and 2050, which includes ring roads, bridges, wholesale markets for livestock and farming products and a solid waste management project, as well as tourism initiatives, automatic parking tolls, a theatre and medical projects.

Among the 19 key projects are Hoa Lien Water Station, Lien Chieu port, Software Park No 2 and a new waste treatment plant and trash-powered generator, as well as Ngu Hanh Son Cultural and Historical Park. These are the largest projects, each requiring funds of VND2.2 trillion ($105 million) to VND4 trillion ($190 million).

The city said the feasibility Studies for PPP projects would soon commence and approval for construction was expected shortly.

The city also plans to build the first Botanical Park project on 200ha of land in Hoa Vang District in 2016.

In 2013, the World Bank agreed to provide $202.4 million in funding for the City Sustainable Development Project, which had a total cost of $272.1 million.

JICA has helped Da Nang complete the pre-feasibility studies for two projects, the Hoa Lien water supply plant and the Khanh Son waste treatment plant, since 2012 and supports private companies in the city, helping improve their skills and management of PPP projects./.

Source: VNS

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