Hanoi appeals for Italian investment in infrastructure projects hinh anh 1Chairman of the Hanoi People’s Committee Nguyen Duc Chung (R) and Italian Ambassador Cecilia Piccioni (Source: baodautu.vn)
Hanoi (VNA) – Chairman of the Hanoi People’s Committee Nguyen Duc Chung has invited Italian investors to the capital city, saying that Hanoi is looking for promising and established investors for its urban infrastructure development projects, the Ha Noi Moi daily reported.

At a reception on March 28 for Italian Ambassador Cecilia Piccioni and Nicola Colella, Business Development Manager Far East of Italy’s Astaldi Group, Chairman Chung informed the guests that urban infrastructure development is one of the city’s major tasks for 2016-2020 and beyond.

He noted that Hanoi will soon announce 52 projects which need total investment of about 20 billion USD, including urban railways, four bridges across the Hong (Red) River, dykes along the Red River and various belt roads and axis roads.

The official also suggested Italy assist the capital city in restoring and preserving its ancient houses as well as historical, cultural and tourism sites in the locality.

In reply, Nicola Colella said his company is interested in the city’s elevated railway project and will explore this project as well as other investment possibilities in Hanoi.

ASTALDI is an international construction group with a leading position in Italy and ranked, by revenue, among the top 100 International Contractors .-VNA