Ha Noi is calling for investment from both domestic and foreign investors in waste treatment.—Photo anninhthudo

HA NOI (Biz Hub)— The capital city is calling for investment from both domestic and foreign investors in waste treatment, despite struggling to sell the idea due to a number of obstacles.

According to the city's People's Committee, a tender for the waste treatment project has not yet been issued. The difficulties mainly relate to the high cost, need for sophisticated technology, low profits and long wait to earn back capital, it said.

Current projects are all proposed by investors and submitted to the city for approval.

If the city's plan on the treatment of solid waste by 2020 is approved by the Prime Minister, the implementation of the projects will be deemed to be compliant with the rules of law.

Some said the delay in deciding technological standards in the field and inconsistent policies have contributed to halting the work.

However, municipal authorities argued that it is impossible to figure out a common standard and price for all facilities of waste treatment due to technology differentials in factories.

The work has been flagged for completion in 2014 in an effort to save resources and prevent wastefulness, the city authorities explained. — VNS