Key transport projects in HCM City to be prioritized

Ho Chi Minh City will give investment capital priority to key transport projects as part of its transport infrastructure development master plan in the 2020-2030 period.

The municipal People’s Committee has asked the city’s Department of Planning and Investment to coordinate with the Department of Transport to review investment capital sources, with focus being placed on urgent and important transport projects, particularly those to be invested in the form of public-private-partnership (PPP) and others connecting with main axis or seaports.

They were also required to work with the Department of Finance and relevant agencies to build appropriate mechanisms and policies to mobilize capital for transport projects from different sources such as ODA, PPP, bonds, land fund and investment promotion activities.

The municipal authorities requested relevant departments and agencies to take stronger measures to deal with difficulties and obstacles facing public investment projects in order to accelerate their construction.