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Vietnam needs major transport investment in next five years

Vietnam needs over one thousand trillion VND between now and 2020 for transport infrastructure, one of the three strategic breakthroughs on the way to becoming a modern industrialised nation, Deputy Transport Minister Nguyen Ngoc Dong told a seminar in Hanoi on July 8.
Vietnam needs over one thousand trillion VND between now and 2020 fortransport infrastructure, one of the three strategic breakthroughs onthe way to becoming a modern industrialised nation, Deputy TransportMinister Nguyen Ngoc Dong told a seminar in Hanoi on July 8.

Of the sum, over 347 trillion VND (16.5 billion USD) will be sourcedfrom non-State resources and 245 trillion VND (11.6 billion USD) fromofficial development assistance, making up 34.3 percent and 24.1 percentof the total, respectively.

According to Dong, thetransport sector has raised over 370.2 trillion VND (17.6 billion USD),more than 121.8 trillion VND (5.8 billion USD) of which was in the formof build-operate-transfer (BOT) and public-private partnership (PPP).

A number of facilities were put into use, includingthe Nhat Tan Bridge, Noi Bai – Lao Cai highway, Vinh Thinh Bridge andterminal T2 at Noi Bai international airport, among others.

Senior Transport Expert from the World Bank in Vietnam Paul Vellelyshared Chile and Colombia’s experience in devising PPP regulations,including ensuring the government’s solvency and protecting privateinvestors.

The seminar was part of the 2015 International Transportation Exhibition which will run until July 10.-VNA
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