The transport sector has received the largest share of Japan’sofficial development assistance (ODA) loans to Vietnam over the pastmore than 20 years.
Statistics for the 1992-2012period show that ODA funds to Vietnam totalled 2.1 trillion JPY, withthe transport sector receiving 43 percent, followed by environment andhealth with 15 percent, mining with 3 percent, andagriculture-forestry-fishery with 2 percent.
MoriMutsuya, Chief Representative of the Japan International CooperationAgency (JICA) in Vietnam, said large-scale transport infrastructureprojects have contributed to improving local residents’ incomes throughboosting economic growth.
Out of all the projectsbenefitting from Japanese preferential loans, Mori Mutsuya said he wasparticularly impressed by the construction of the belt road 3 in Hanoi, which was opened in October 2012.
“The projectapplied modern technology of Japanese firms, helping reduce constructiontime to 15 months from 30 months. It acts as a good example for otherODA projects in terms of quality and safety management”, he said.
Currently, the Ministry of Transport is focusing on two JapaneseODA-funded projects, namely Nhat Tan bridge and the new T2 terminal atNoi Bai International Airport .
As a keynational infrastructure project, Nhat Tan bridge will connect downtownHanoi with other northern localities and shorten travel time to NoiBai airport.
Meanwhile, the terminal has a totalinvestment of close to 900 million USD, including 700 million USD fromJapan ’s ODA. It is expected to cater for 10 million passengers peryear after completion in December this year.
Vietnam’seffective use of Japanese ODA for traffic infrastructure projects isconsidered a precursor for more ODA projects. At present, JICA isevaluating loans for the second phase of the Tien Sa port upgrade andexpansion project in the central city of Da Nang.
Tien Saport is forecast to become one of Vietnam’s biggest deep-waterseaports. Its second phase requires a total investment of 100-120million USD.
Nguyen Thanh Van, General Director of the Ministryof Transport’s Project Management Unit 85, which was assigned to preparethe investments, expressed his hope that the project will soon beapproved by the ODA donor as the current port is almost overloaded.
Inaddition to this project, the ministry has put forward three moreprojects for the priority list getting Japanese ODA during the secondphase of the 2014 fiscal year.
It has also completed a list of29 traffic infrastructure projects worth 470 billion JPY (6 billion USD)that will be submitted for Japanese ODA between 2014 and 2016.
Ofthose, 15 are large-scale projects, such as the North-South highwaysections Trung Luong-My Thuan and Nha Trang-Phan Thiet, the Long Thanhinternational airport, and the Hanoi-Noi Bai railway.
Theseprojects are considered top priorities as they will have a majorsocio-economic impact and comply with JICA’s loan provisionrequirements.
“Since the State budget is limited, Japanese ODA atlow interest rates will continue to play a vital role in Vietnam’stransport sector”, Deputy Minister of Transport Nguyen Ngoc Dong said.
Toensure the effective use of ODA, the Transport Ministry pledged toactively work with relevant agencies to improve the transparency ofcapital management and accelerate the progress of major JapaneseODA-funded projects.-VNA
Statistics for the 1992-2012period show that ODA funds to Vietnam totalled 2.1 trillion JPY, withthe transport sector receiving 43 percent, followed by environment andhealth with 15 percent, mining with 3 percent, andagriculture-forestry-fishery with 2 percent.
MoriMutsuya, Chief Representative of the Japan International CooperationAgency (JICA) in Vietnam, said large-scale transport infrastructureprojects have contributed to improving local residents’ incomes throughboosting economic growth.
Out of all the projectsbenefitting from Japanese preferential loans, Mori Mutsuya said he wasparticularly impressed by the construction of the belt road 3 in Hanoi, which was opened in October 2012.
“The projectapplied modern technology of Japanese firms, helping reduce constructiontime to 15 months from 30 months. It acts as a good example for otherODA projects in terms of quality and safety management”, he said.
Currently, the Ministry of Transport is focusing on two JapaneseODA-funded projects, namely Nhat Tan bridge and the new T2 terminal atNoi Bai International Airport .
As a keynational infrastructure project, Nhat Tan bridge will connect downtownHanoi with other northern localities and shorten travel time to NoiBai airport.
Meanwhile, the terminal has a totalinvestment of close to 900 million USD, including 700 million USD fromJapan ’s ODA. It is expected to cater for 10 million passengers peryear after completion in December this year.
Vietnam’seffective use of Japanese ODA for traffic infrastructure projects isconsidered a precursor for more ODA projects. At present, JICA isevaluating loans for the second phase of the Tien Sa port upgrade andexpansion project in the central city of Da Nang.
Tien Saport is forecast to become one of Vietnam’s biggest deep-waterseaports. Its second phase requires a total investment of 100-120million USD.
Nguyen Thanh Van, General Director of the Ministryof Transport’s Project Management Unit 85, which was assigned to preparethe investments, expressed his hope that the project will soon beapproved by the ODA donor as the current port is almost overloaded.
Inaddition to this project, the ministry has put forward three moreprojects for the priority list getting Japanese ODA during the secondphase of the 2014 fiscal year.
It has also completed a list of29 traffic infrastructure projects worth 470 billion JPY (6 billion USD)that will be submitted for Japanese ODA between 2014 and 2016.
Ofthose, 15 are large-scale projects, such as the North-South highwaysections Trung Luong-My Thuan and Nha Trang-Phan Thiet, the Long Thanhinternational airport, and the Hanoi-Noi Bai railway.
Theseprojects are considered top priorities as they will have a majorsocio-economic impact and comply with JICA’s loan provisionrequirements.
“Since the State budget is limited, Japanese ODA atlow interest rates will continue to play a vital role in Vietnam’stransport sector”, Deputy Minister of Transport Nguyen Ngoc Dong said.
Toensure the effective use of ODA, the Transport Ministry pledged toactively work with relevant agencies to improve the transparency ofcapital management and accelerate the progress of major JapaneseODA-funded projects.-VNA
