TO DESCRIBE MAJOR RISKS OF THE PROJECT IN FEASIBILITY STUDY REPORTS OF INVESTMENT PROJECTS
On May 23, 2019, the Ministry of Transport issues the Circular No. 19/2019/TT-BGTVT on guiding in detail investment fields and contents of feasibility study reports of investment projects in the form of public-private partnership in the transport sector.
Accordingly, identification of potential risks must be conduct throughout the project duration and assess impacts on the project. These contents shall be tabulated to assign the responsibility for the project risks, including:
- To systematically identify such major risks of the project as legal risks; social risks; risk in land use rights;environmental risks; engineering, construction, technique, technology and production risks; financial risks; macroeconomic risks; market demand risks; operational risks; contract termination risks and other risks…
- To describe major risks of the project and at the same time analyze the possibility of such risks to occur as well as their impacts on the project in terms of cost, implementation progress, design change and capital allocation…
This Circular takes effect on July 10, 2019.
