Ho Chi Minh City

HCMC temporary halts all BT projects under negotiation

SGGP
Chairman of the HCMC People’s Committee Nguyen Thanh Phong yesterday required to temporarily halt all BT (Build-Transfer) projects under negotiation until the city builds a closer management process.
 

The approach road to Phu My bridge has been invested under BT form in HCMC (Photo: SGGP)

The approach road to Phu My bridge has been invested under BT form in HCMC (Photo: SGGP)

The city will continue carrying out projects which the Prime Minister has instructed to implement.
He asked the Department of Planning and Investment to work with businesses to supply them with clear information about the policy. The slow implementation of BT projects aims at tighter, more suitable and practical management process to ensure investors’ rights in long term.
This week, HCMC will organize a workshop on BT projects management in the city. The workshop will estimate the current management process, propose solutions to ensure that the management will be transparent in line with current regulations and create conditions for businesses to invest in the city.
He asked the Department of Planning and Investment to invite experts to attend the workshop. From expert opinions, the agency should consult the city on building a tight process and submit it to the city People’s Committee to report to the city Party’s Committee.

By KY LAM, KIEU PHONG – Translated by Hai Mien

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