The HCM City real estate market is facing several problems like multiple agencies having overlapping functions and other administrative bottlenecks, high land-use fees and suspension of all build-transfer projects.
Bank loans for build-operate-transfer (BOT) and build-transfer (BT) infrastructure projects in the year to September reached nearly VND110 trillion (US$4.72 billion), up 1.85 per cent against the end of 2018.
Ha Noi has d favourable conditions for luring investment in infrastructure under the build-transfer (BT) mode, but municipal authorities require that BT investments be transparent and comply with the law.
HCM City plans to put projects under the Build-Transfer (BT) investment model under more scrutiny by auctioning land instead of offering it in exchange for infrastructure.
The HCM City''s People''s Committee yesterday signed a deal with a local
real estate developer to develop infrastructure for the Thu Thiem New
Urban Area under the Build – Transfer (BT) mode.
HCM City plans to mobilise capital through BOT (Build-Operate-Transfer),
BT (Build-Transfer) and PPP (Public-Private Partnership) investment
forms to further develop its road infrastructure, a senior official said
last week.