ID :
40748
Thu, 01/15/2009 - 11:44
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http://m.oananews.org//node/40748
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Ministry seeking investment for infrastructure projects
Hanoi (VNA) - The Ministry of Planning and Investment (MPI) made an announcement during a Jan. 14 conference, listing more than 60 urban infrastructure projects which require investment estimated at 12 billion USD between 2009 and 2016.
The projects are concerned with the construction or upgrade of traffic systems,
infrastructure, sewerage facilities, environmental sanitation plants and water
supply and drainage systems in 15 provinces and cities nationwide.
Pham Quoc Tuan, Vice Director of the MPI's Department for Infrastructure and Urban
Centres, said that 30 percent of these projects are expected to be funded by
official development assistance (ODA) capital from the French and Spanish
Governments, the German Reconstruction and Development Bank, the Japan International
Cooperation Agency (JICA) and the Asian Development Bank (ADB).
The remaining projects will be carried out using funds provided via direct
investment, joint ventures, build-transfer (BT) or build-operate-transfer (BOT), he
said.
Speaking at the meeting, MPI's Vice Minister Truong Van Doan said that, having set a
target of becoming an industrialised nation by 2020, Vietnam has clearly recognised
the importance of developing the country's infrastructure in order to keep pace with
the rapid urbanisation process taking place in provinces and cities, alongside
promoting and ensuring socio-economic progress.
In recent years, Vietnam has prioritised infrastructure development by pouring
some 13.5 percent of its total social investment funding into this field, the vice
minister added.
While praising the effective assistance of donors and international organisations,
the official said he hoped that investors would continue to explore the investment
opportunities offered by Vietnam and make suggestions to help the country
improve its investment policies and accelerate administrative reform, thereby
helping to create a more attractive, effective and sustainable investment
environment.
The department admitted that the planning and development of urban infrastructure
have failed to keep pace with the socio-economic development and population growth
in the country's major cities, leading to traffic congestion, a waste of potable
water and increased environmental pollution.
To tackle these issues, the government recently approved planning schemes to develop
the infrastructure in Vietnam 's major cities, including two metro routes planned
for Hanoi and Ho Chi Minh City , as well as programmes to upgrade the road
networks in other major cities across the nation.-Enditem
The projects are concerned with the construction or upgrade of traffic systems,
infrastructure, sewerage facilities, environmental sanitation plants and water
supply and drainage systems in 15 provinces and cities nationwide.
Pham Quoc Tuan, Vice Director of the MPI's Department for Infrastructure and Urban
Centres, said that 30 percent of these projects are expected to be funded by
official development assistance (ODA) capital from the French and Spanish
Governments, the German Reconstruction and Development Bank, the Japan International
Cooperation Agency (JICA) and the Asian Development Bank (ADB).
The remaining projects will be carried out using funds provided via direct
investment, joint ventures, build-transfer (BT) or build-operate-transfer (BOT), he
said.
Speaking at the meeting, MPI's Vice Minister Truong Van Doan said that, having set a
target of becoming an industrialised nation by 2020, Vietnam has clearly recognised
the importance of developing the country's infrastructure in order to keep pace with
the rapid urbanisation process taking place in provinces and cities, alongside
promoting and ensuring socio-economic progress.
In recent years, Vietnam has prioritised infrastructure development by pouring
some 13.5 percent of its total social investment funding into this field, the vice
minister added.
While praising the effective assistance of donors and international organisations,
the official said he hoped that investors would continue to explore the investment
opportunities offered by Vietnam and make suggestions to help the country
improve its investment policies and accelerate administrative reform, thereby
helping to create a more attractive, effective and sustainable investment
environment.
The department admitted that the planning and development of urban infrastructure
have failed to keep pace with the socio-economic development and population growth
in the country's major cities, leading to traffic congestion, a waste of potable
water and increased environmental pollution.
To tackle these issues, the government recently approved planning schemes to develop
the infrastructure in Vietnam 's major cities, including two metro routes planned
for Hanoi and Ho Chi Minh City , as well as programmes to upgrade the road
networks in other major cities across the nation.-Enditem
