Decree No. 15/2015/ND-CP dated February 14, 2015, on investment in the form of public-private partnership (PPP), identifies the role of the State in PPP investment activities as a party or partner to PPP contract, and in carrying out commitments and sharing risks with investors. It is also responsible to construct infrastructure facilities and control investment quality and efficiency. The Decree diversifies the fields subject to PPP investment to public-utility projects with the State’s participation in case such projects see no capital recoverability.
The Decree also provides fast-track procedures for small group-C projects, and adds new types of contract, including build-own-operate contract (BOO), build-transfer-lease contract (BTL), and build-lease-transfer contract (BLT).
The Decree takes effect on April 10, 2015.