Making news

HCM City needs over 83 trillion VND for transport infrastructure

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./