Public Private Partnership for Urban Infrastructure

Public Private Partnership for Urban Infrastructure

The seminar "Public Private Partnership - solutions for urban infrastructure development" was organised in Ho Chi Minh City on September 27, 2004 with the participation of experts, including those from International Financial Service (London), and PriceWaterHouseCoopers.

The solution called PPP (Public Private Partnership) is aimed at mobilising resources from the private sector more effectively. PPP co-ordinates government and public utilities management to ensure quality public services by contracting the private sector in designing, building, financing and maintaining the services. It secures payment for private partners on the basis of revenue.

From the English experience, the solution achieved record investment in building high quality schools, hospitals, roads and other facilities. There are presently 450 projects being developed from central to grassroots levels in the UK. Sixty countries around the world are learning from this model.

Vietnam has huge demand in infrastructure development: communications, education, health, public services and so on. The government has sought several investment measures but State budgets and loans remain inadequate. Through the seminar, Vietnam and the UK hope to implement a PPP solution which is suitable to Vietnamese conditions.

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