QUOTE NINH INVESTMENT ATTRACTION: 1 BUDGET BANK CALLS OVER 8 PRIVATE

When the State Budget is limited, mobilizing capital from the private sector is an appropriate way to invest in motivational transport infrastructure projects, in which the form of public-private partnership (PPP) is Quang Nam province. Ninh choose priority.

Pass years, Quang Ninh province officially started the Van Don - Mong Cai Expressway Project, a key transport project connecting the two dynamic economic zones of Quang Ninh. Quang Ninh's longest 80.2 km highway will connect with existing highways from Hanoi - Hai Phong - Ha Long, contributing to the formation of a key trading system in the North.

This is a PPP project, Build - Operate - Transfer BOT contract with a capital of over 11 trillion VND, invested by Sun Group. The project put into operation in 2021 and transferred to the State for management after 19 years.

“With the motto of mobilizing resources, mainly public-private partnerships to build these infrastructure works, Quang Ninh has been successful over the past few years. Including works connecting to Van Don economic zone. The government will stand out to the investors in terms of administrative procedure reform, site clearance, and accompany investors to implement the projects, how to do it in the fastest time, get the fastest effect ”- said Mr. Nguyen Duc Long, Chairman of Quang Ninh People's Committee.

Van Don - Mong Cai Expressway is not the first project in Quang Ninh to be invested in the form of public-private partnership (PPP). To remove the "bottleneck" of transport infrastructure between this locality and the neighboring economic growth poles, in 2014, Quang Ninh for the first time boldly proposed the Government to allow the construction of Ha Long - Hai Phong expressway. how to actively mobilize legal capital, an unprecedented job.

The year of 2021 marked the success of Quang Ninh's PPP projects, when in the last 3 months of the year, 3 projects worth more than VND 20,000 billion were inaugurated and put into operation: Ha Long - Van Don Expressway, Van Don International Airport - the first private airport, Ha Long International Passenger Port - the first specialized international passenger ship in the country, creating a breakthrough to change the appearance of this local infrastructure.

In order to encourage investors to accompany the province, Quang Ninh has saved money, using the provincial budget to invest in Ha Long expressway - Bach Dang bridge more than 6,400 billion dong, the rest is from private investors. Or as Ha Long - Van Don highway, in a total capital of 14,000 billion, Quang Ninh province has spent nearly 1,500 billion VND to clear the ground, "red carpet" to implement the project on schedule.

Source: Collector