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.
Borrowing will be the largest funding source for the Thai government’s 20 infrastructure projects, providing 60 percent of the total value of 1.7 trillion THB, said Finance Minister Apisak Tantivorawong.
HCM City will focus financial resources into key projects under its 7 breakthrough programmes in 2017 in order to improve the appearance of the city and the living conditions of local residents.
A training seminar took place in the central city of Da Nang on December 2, as part of a Japan-funded project on improving budgeting, contract and risk management capacity of construction projects in Vietnam.
Hastening the disbursement of official development assistance (ODA) and preferential loans remains a huge task for the remaining two months of this year.
As Vietnam works to improve its transport infrastructure, the country has been mulling measures to attract investors to large public-private partnership (PPP) transport infrastructure projects.
HCM City should promote the public-private partnership model in infrastructure projects to diversify capital resources for developing urban infrastructure, according to economic experts.
Da Nang city has asked the Ministry of Transport to allocate funds for key transport infrastructure projects – Lien Chieu Port and the East-West Economic Corridor No 2 (EWEC2).
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.
Public health facilities in HCM City will be under pressure to improve their quality of services as they will no longer receive city funds for regular expenditures.
Vietnam looks for more Turkey’s investments into the country’s infrastructure and industrial projects, Deputy Prime Minister and Foreign Minister Pham Binh Minh said on December 22.
Indonesia’s South Sumatra province is planning a number of infrastructure projects to improve its competitiveness and prepare for the ASEAN Economic Community, which will take shape at 2015's end.
The Asian Development Bank (ADB) has approved loans totaling 600 million USD to support the Philippine government’ efforts to tap more private participation for needed infrastructure investments.
Dubai Port World (DP World) will continue developing the Saigon Premier Container Terminal Port (SPCT) in Ho Chi Minh City, said Rashid Abdulla, Senior Vice President of Asia Pacific DP World.
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