HCM City needs over 83 trillion VND for transport infrastructure hinh anh 1Vehicles move on a road in HCM City (Photo: VNA)

HCM City (VNA)Ho Chi Minh City will need over 83 trillion VND (over 3.57 billion USD) of investment capital to develop transport infrastructure in the city during 2021-2025, the city’s authorities said.

The municipal People’s Committee gave the estimated figure to the Transport Ministry as the two sides are coordinating to build a medium-term public investment plan for 2021-2025.

Specifically, the city proposed 12 projects to be funded by the central State budget with total capital need of around 45.16 trillion VND. Four of those projects, worth a combined 5.53 trillion VND, would use ODA capital.

HCM City also made a list of nine projects to be funded by the city’s budget or invested in the form of public-private partnership (PPP). Those projects will need a total of 37.9 trillion VND./.