HCM City needs over 6 billion USD for infrastructure
The HCM City People’s Committee has submitted to the Ministry of Planning and Investment the list of projects intended for Public-Private Partnership (PPP).
The HCM City urban railway line 1 is one of big infrastructure projects under construction in HCM City. (Source: baomoi.com)HCM City (VNA) – The HCM City People’s Committee has submitted to the Ministry of Planning and Investment the list of projects intended for Public-Private Partnership (PPP).
The projects will need a capital amount of 137,563 billion VND (6.17 billion USD), which, 37,960 billion VND (1.7 billion USD) is from the State.
Priority projects include the Monorail Route No.3, the expansion of National Road No.22 and the construction of elevated road No.5 on belt road No.2.
The city has been implementing five big projects with a combined capital of 110,699 billion VND (4.96 billion USD), of which official development assistance loans account for 91,400 billion USD (4.1 billion USD).-VNA
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