The Ministry of Transport has undertaken great efforts to foster theprivate public partnership (PPP) model with the goal of mobilising some1,000 trillion VND (46.7 billion USD) for transport infrastructureduring the 2016-2020 period, according to Nguyen Hoang, Director of theministry’s Department of Planning and Investment.
The ministry has developed effective approaches to facilitate theparticipation of enterprises in developing the traffic infrastructuresystem, said Ho Minh Hoang, Director General of the Deo Ca InvestmentJoint Stock Company. Officials have actively worked with localauthorities to address difficulties facing the site clearance of eachproject, Hoang added.
“The ministry has done agood job in laying out the carpet for investors. Without suchmechanisms, the sector would not have been successful in attracting sucha large amount of investment within such a short period,” said the DeoCa Company executive.
Between 2013 and 2014, thesector successfully called for 137 trillion VND (6.3 billion USD) for44 projects, easing the burden of the State budget and ensuring work hasproceeded as planned, the Department of Planning and InvestmentDirector said.
Meanwhile, Vice Chairman of theNational Assembly’s Committee for Economic Affairs, Nguyen Duc Kien,hailed the significance of administrative procedure reforms conducted bythe ministry in drawing social resources.
Theministry has made information about traffic infrastructure developmentprojects public and transparent, raising trust among investors andultimately encouraging them to invest, Kien commented.
So far, a wide range of modern traffic infrastructure systems havebeen comprehensively completed and brought into operation, facilitatingtransportation, trade exchanges, economic development and nationalmodernisation.
In 2015, the completion of theupgrades to the National Road 1 and the Ho Chi Minh Road across theCentral Highlands have created great impetus for socio-economicdevelopment.
Most recently, the Co Chien bridge,built using the BOT (build-operate-transfer) model, was open to trafficin the Mekong Delta province of Tra Vinh on May 16. It has helpedshorten the distance between Tra Vinh and Ho Chi Minh City by 70kilometres.
According to the sector’sdevelopment plan through to 2020, some 200 trillion VND (9.2 billionUSD) is needed each year for transport projects, of which the publicbudget is expected to cover between 30-40 percent.-VNA
The ministry has developed effective approaches to facilitate theparticipation of enterprises in developing the traffic infrastructuresystem, said Ho Minh Hoang, Director General of the Deo Ca InvestmentJoint Stock Company. Officials have actively worked with localauthorities to address difficulties facing the site clearance of eachproject, Hoang added.
“The ministry has done agood job in laying out the carpet for investors. Without suchmechanisms, the sector would not have been successful in attracting sucha large amount of investment within such a short period,” said the DeoCa Company executive.
Between 2013 and 2014, thesector successfully called for 137 trillion VND (6.3 billion USD) for44 projects, easing the burden of the State budget and ensuring work hasproceeded as planned, the Department of Planning and InvestmentDirector said.
Meanwhile, Vice Chairman of theNational Assembly’s Committee for Economic Affairs, Nguyen Duc Kien,hailed the significance of administrative procedure reforms conducted bythe ministry in drawing social resources.
Theministry has made information about traffic infrastructure developmentprojects public and transparent, raising trust among investors andultimately encouraging them to invest, Kien commented.
So far, a wide range of modern traffic infrastructure systems havebeen comprehensively completed and brought into operation, facilitatingtransportation, trade exchanges, economic development and nationalmodernisation.
In 2015, the completion of theupgrades to the National Road 1 and the Ho Chi Minh Road across theCentral Highlands have created great impetus for socio-economicdevelopment.
Most recently, the Co Chien bridge,built using the BOT (build-operate-transfer) model, was open to trafficin the Mekong Delta province of Tra Vinh on May 16. It has helpedshorten the distance between Tra Vinh and Ho Chi Minh City by 70kilometres.
According to the sector’sdevelopment plan through to 2020, some 200 trillion VND (9.2 billionUSD) is needed each year for transport projects, of which the publicbudget is expected to cover between 30-40 percent.-VNA
