SOCIALIZATION OF TRANSPORT INFRASTRUCTURE – SUCCESS THANKS TO WHAT?
This is 5 times the capital raised 13 years ago and is considered a miracle because it has never happened before. So what are the reasons why investors are willing to spend trillions of dong to invest in traffic?
The plan to “turn the tide” of the Ministry of Transport is to give the right to choose strategic investors when implementing equitization. As a result, 93 enterprises have been facilitated to successfully implement shares in the past 1 year, helping to attract dozens of trillion dong from private capital.
In 2012, the Investment Management Board of Public-Private-Partnership Projects, referred to as the PPP Board, under the Ministry of Transport was established. Founded in the context that the budget for infrastructure development investment only meets one third of the actual demand, many national key transport projects have to wait for capital. Up to now, the PPP Board has attracted over 200,000 billion VND from the budget. Besides the reform of administrative procedures, the biggest secret is said to be the openness and transparency of information about transport infrastructure projects.
From the capital of socialization, hundreds of key traffic works have been built. In the 2016-2020 period, it is expected that the transportation industry needs about 1 million billion VND. The open mechanisms of the transport industry in the past time continue to be a “magnet” to attract more abundant capital from socialization.
According to Khanh Huyen
