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Update news infrastructure projects
Ho Chi Minh City has submitted a proposal to the Prime Minister for the development of the Ring Road 4 project, a 207-kilometer infrastructure endeavor with an estimated cost of nearly VND 130 trillion ($5.4 billion).
The People's Committee of Ho Chi Minh City has proposed an investment of VND15.3 trillion for two key infrastructure projects – HCM City-Moc Bai expressway and Xuyen Tam canal.
PM Pham Minh Chinh on November 27 inspected a number of infrastructure projects in HCM City, including the expansion of Binh Hung waste treatment plant, the construction of Ben Luc-Long Thanh expressway and the upgrading of National Highway 50.
The National Assembly Standing Committee yesterday adopted a resolution on the switching of investment format of some component projects on Eastern North-South Expressway project in 2017-20 period, which failed to find investors through biddings.
Work on many long-stalled infrastructure projects in HCM City will resume next year.
A 77.8-kilometer expressway between the southern province of Dong Nai and neighboring Ba Ria-Vung Tau Province is expected to resolve traffic gridlock on a local highway at a cost of VND25.743 trillion (US$1.1 billion).
The enormous demand for infrastructure investment across Asia-Pacific had led to greater risks of corruption, Deputy Inspector General Tran Ngoc Liem said yesterday.
Hanoi People's Committee have proposed to delay the Nam Thang Long-Tran Hung Dao Urban Railway Project until 2027 after proposing increased project investment.
Vietnam is seeking more private investment to finance infrastructure projects, but it also needs to generate higher returns on those investments.
VietNamNet Bridge – In no surprise to anyone, infrastructure projects across Hanoi are lagging behind schedule.
VietNamNet Bridge – Relocating households living near canals, renovating old apartments and developing transport infrastructure are among major projects the HCM City aims to carry out in 2018,
Upgrading old buildings and relocating households living near canals are among the major projects that HCM City aims to carry out now and in the near future,
“Vietnam needs to take full advantage of ODA (official development assistance) provided by developed countries” was the reply to a question about whether the country should become choosier in receiving ODA and turning down some ODA sources.
VietNamNet Bridge - BT (build, transfer) is an attractive investment mode because the regulatory law is unclear. With BT, projects can be implemented after the two sides reach agreement.
VietNamNet Bridge - Many investors have registered to develop railways, airports, seaports and highways, but developing infrastructure, a lucrative business field, only suits financially powerful investors.
Nguyen Dinh Cung, president of the Central Institute for Economic Management, talked to local reporters about the transfers of operation rights to airports and seaports on the sidelines of the institute’s recent workshop in Hanoi.
Most major infrastructure projects in Ha Noi are behind schedule and unlikely to be completed on time, a project review meeting attended by top city leaders concluded yesterday.
The Ministry of Transport started work on a number of key infrastructure projects in the Mekong Delta over the weekend, which will help spur trade and economic activities in the delta.
VietNamNet Bridge – Contractors are stepping up construction work on three infrastructure projects worth billions of US dollars in capital Hanoi to ensure they will be put into operation late this year.
Viet Nam has diversified capital sources for infrastructure projects, Dinh La Thang, Minister of Transport told the Viet Nam Economic Times.