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Rules amended for BOT, BTO and BT investment projects

The Government issued Decree No 24/2011/ND-CP on April 5, amending Decree No 108/2009/ND-CP governing investment projects developed under Build-Operate-Transfer (BOT), Build-Transfer-Operate (BTO), or Build-Transfer (BT) contracts.

Under the new decree, health, education, cultural and sport infrastructure projects, as well as head offices of State entities have been added to the list of projects encouraged to register under one of these investment forms.

In addition, a feasibility report can now replace a formal appraisal and evaluation of a project proposal. The new decree takes effect on May 20.

From VietNamNews

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