Vietnam needs major transport investment in next five years

10:16 | 11/07/2015 Economy

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 major transport investment in next five years

Nhat Tan bridge

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

According to Dong, the transport 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 form of build-operate-transfer (BOT) and public-private partnership (PPP). 


A number of facilities were put into use, including the Nhat Tan Bridge, Noi Bai – Lao Cai highway, Vinh Thinh Bridge and terminal T2 at Noi Bai international airport, among others. 
Senior Transport Expert from the World Bank in Vietnam Paul Vellely shared Chile and Colombia’s experience in devising PPP regulations, including ensuring the government’s solvency and protecting private investors. 

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


Source: Hanoitimes