Ho Chi Minh City needs about VND1,000 trillion (US$44 billion) for infrastructure development in the phase of 2015-2030, said a representative of the city People’s Committee at a meeting yesterday. Raising other capital resources amid the existing state budget limitation is the key to boost infrastructure investment, said the representative. Annually, the funds for traffic development come from the city budget, official development assistance (ODA) and investors. The third source has been increasing but still limited. During the phase of 2011-2015, it contributed VND11.95 trillion making up 31 percent of the total fund of VND38.61 trillion. The city budget and ODA sources were VND26.66 trillion accounting for 69 percent, according to reports at the meeting. Dr. Huynh The Du, director of Fulbright economics teaching program in HCMC, said that HCMC has been in unfavorable position in budget because it has been permitted to keep a too little amount of yearly revenues. He … [Read more...] about HCM City needs $44 bln to develop infrastructure by 2030
Department planning transport and infrastructure
HCMC seeks ODA for transport and environment projects
Van Nam The projects include Metro Line No. 5 connecting Saigon Bridge and Can Giuoc Coach Station, Metro Line No. 3A linking Ben Thanh and Mien Tay Coach Station, Metro Line No. 1’s Ben Thanh Central Station, and phase three of a major water environment rehabilitation project in the basin of Tau Hu-Ben Nghe-Kenh Doi-Kenh Te canal. For Metro Line No. 2 joining Ben Thanh Market in District 1 and Tham Luong in District 12, the city proposed the ministry review and approve a selection of contractors together with project adjustments. The signing of contracts will only be done after the project adjustments are approved by competent authorities. According to a report sent on May 12 to the Government Office, the Ministry of Planning and Investment and relevant ministries, the city currently has 17 ODA-funded projects worth a total of VND104.5 trillion (US$4.68 billion), of which VND88.9 trillion is ODA and the remainder is reciprocal capital. In quarter one, ODA disbursements … [Read more...] about HCMC seeks ODA for transport and environment projects
Workshop to improve public transport planning operations and management in Vietnam
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The workshop will present an overview of urban public transport with emphasis on planning, operations, and management. It provides a fundamental understanding of Public Transport concepts, planning, operations, management and contracting, financing and institutional/organizational arrangements. Participants from Ho Chi Minh City, Hanoi, Da Nang, the Ministries from the Government of Vietnam, and representatives from the City of Cebu (the Philippines), and donors attended the event. The audience includes senior policy and senior and mid-level program/operating officers from all levels of government (national, state, provincial, municipal) and the private sector. The course is presented through a series of lectures, facilitated discussions, and case studies. It includes sessions devoted to strategic planning, alternatives analysis, public transport reform and contracting, institutional arrangements for urban transport, public transport market characteristics and demand forecasting, … [Read more...] about Workshop to improve public transport planning operations and management in Vietnam
City infrastructure projects struggle to find investors
City infrastructure projects struggle to find investors Le Anh By Le Anh - The Saigon Times Daily HCMC – Infrastructure projects under the formats of build-operate-transfer (BOT), build-transfer (BT) and public-private partnership (PPP) in HCMC now are facing difficulties as investors are shying away due to concerns over low business efficiency. The issue was discussed at a meeting on Tuesday between the HCMC Department of Transport and the municipal People’s Council’s Budget Economic Commission reviewing this year’s capital construction in the traffic sector. At the meeting, Nguyen Thi Hien Luong, deputy director of the department, said this year’s State budget for capital construction is about VND3 trillion, official development assistance (ODA) loans some VND2.1 trillion and other sources roughly VND3.9 trillion. As the city’s government is only able to arrange more than half of the planned capital amount from the budget, it is calling for … [Read more...] about City infrastructure projects struggle to find investors
HCMC infrastructure builders grapple with problems
Contractors for Ho Chi Minh City public projects are having to carry out below ground constructions in congested areas and contend with soaring raw material prices. The management of the World Bank-funded Nhieu Loc - Thi Nghe canal project said work on a drainage system in Binh Thanh District's Nguyen Cuu Van Street last January came up against water pipes and power and telephone cables. … [Read more...] about HCMC infrastructure builders grapple with problems