Foreign Lenders, Investors Eye Infrastructure Projects in HCM City
A number of foreign banks and investors are showing their interests in metro and tramcar projects in Ho Chi Minh City.
Japan Bank of International Cooperation (JBIC) is keen on 19.7-kilometer metro route 1 linking Ben Thanh in district 1 and Suoi Tien in district 2, Le Khac Huynh, Le Khac Huynh, chief of the HCM City Urban Railway Management Board said.
Meanwhile, German Reconstruction Bank (KfW), Asian Development Bank (ADB) and the European Investment Bank (EIB) are interested in 19-kilometer metro route 2 connecting Ben Thanh in district 1 and An Suong coach station, Huynh added.
A consortium between Thanh Danh Construction and Trade Co., Ltd and Malaysia’s Tietainium Management is seeking to build a 12.5-kilometer tramcar route from Bach Dang in district 1 and Mien Tay coach station in Tan Binh district, he noted.
Huynh highlighted that some companies from Thailand, China and Czech also showing their interests in metro routes 3a, 3b, 4 in Ho Chi Minh City.
The city disbursed VND11.88 trillion for infrastructure projects in the first three months this year, up 15.1% from a year earlier. The city expects to invest VND33.67 trillion in development projects this year.
In next five years, Ho Chi Minh City the city estimates to need VND1,400 trillion ($73.43 billion) for infrastructure and urban development projects, Nguyen Thanh Tai, vice-chairman of the municipal People’s Committee. (Youth)
Vietnamese
