Headlines 02/04/2021 15:45 CH

PPP investment scale is now regulated

Quý Tân

Government promulgates the Decree No. 35/2021/ND-CP providing instructions for implementation of the Law on Public – Private Partnership Investment (PPP).

According to this document, the scale of PPP investment projects is specified as follows:

- 1,500 billion dong or more is invested in each project in the traffic and transport sector (e.g. road, railway, inland waterway, seaway and airway project).

- 1,500 billion dong or more is invested in each electrical grid project, power plant project; especially, any renewable energy project in which total investment is at least 500 billion dong.

- 200 billion dong or more is invested in each water resource project; project on supply of clean water; water drainage and wastewater treatment; disposal of wastes.

- 100 billion dong or more is invested in each project in the health sector (e.g. healthcare facilities, preventive healthcare centers; testing facilities).

- 100 billion dong or more is invested in each project in the education – training sector (e.g. infrastructure, facilities, equipment needed for education – training and vocational training activities).

- 200 billion dong or more is invested in each IT infrastructure development project (e.g. digital information infrastructure, IT modernization for Party and State organs,…)

Decree No. 35/2021/ND-CP is entering into force as from March 29, 2021 (in particular, regulations laid down in Article 90 have taken effect since October 1, 2019), and makes the Decree No.63/2018/ND-CP dated May 4, 2018 become invalid.

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