He frequently received reports from building contractors in provinces who say they have no chance to carry out infrastructure projects in their provinces, the President said.
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Therefore, he asked the relevant agencies to provide the private sector with a greater role in the development of infrastructure projects.
"Many provincial building contractors have complained to me. They told me that SOEs have taken them all. I have asked them (SOEs) not once, twice (but many times). I hope in the next five years, the private sector can be given as great a role as possible," he said.
To continue infrastructure development, not all projects can be financed by the state budget. Therefore, it is necessary to develop creative financing schemes including government-corporate body cooperation (KPBU) and Public-Private Partnership (PPP), he said.
In the regions that have a low internal rate of returns, the government will directly handle the infrastructure development, the President said.
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