PM: Non-State capital critical to transport infrastructure projects
Hanoi
(VNA) – Prime Minister Nguyen Xuan Phuc demanded the Ministry of Transport
(MoT) and relevant ministries to remove all obstacles, including existing mechanisms
and policies, to mobilise capital from all possible sources for transport
infrastructure projects.
He made the
remark at a meeting with key officials of the MoT on March 16.
According to the
PM, the State must provide support and create necessary institutions,
mechanisms and favourable conditions to attract investment in transport
infrastructure.
He assigned the
MoIT to build specific mechanisms for developing highways and drawing investment in the Public-Private
Partnership form, while seeking more capital from ODA (Official Development
Assistance).
The PM also
called attention to other modes of transport, such as waterway to reduce the
dependence on land transport.
He required the
Vietnam Airport Corporation to invite investors to build airports and other
infrastructure facilities, noting that the State only holds ownership of
certain airports and a number of essential facilities.
The MoT reported
that total capital needed for transport infrastructure development in 2016-2020
is nearly 953 trillion VND (42.7 billion USD) but the ministry has been
allocated only 188 trillion VND (8.43 billion USD).
A representative
of the Vietnam Airport Corporation said the upgrading of airports needs an
average 5.5 trillion VND (247 million USD) each year from now to 2020.-VNA