Ho Chi Minh city needs USD44 billion to finalize urban infrastructure by 2030

Ho Chi Minh (HCM) city estimates it will need about USD44 billion to invest in infrastructure with the aim of creating the foundation for the city’s development in the 2015-2030 period.

Photo for illustration. (Source: SGGP)

This comment was given by a representative of the HCM municipal People’s Committee at a recent seminar, co-hosted by the municipal Department of Transport and Ho Chi Minh city Finance Investment State-owned Company, to discuss solutions to mobilize investment capital for the city’s infrastructure in the 2016-2021 period.

Aiming to accelerate the completion of infrastructure to meet the increasing development requirements of a special urban area like HCM city, in the context of the limited budget for investment every year, the hub should focus on mobilizing and recognizing finance resources to invest in infrastructure; mobilizing resources among people; enhancing regional and international links to receive capital; and intensifying socializing investment in infrastructure through financial tools and credit, and applying Public-Private Partnership investment.

Mobilizing every human and financial resource is key to speed up the capacity of investing and completing infrastructure of the city.

Participants also proposed ideas and solutions to suggest solutions towards strong breakthroughs of the city’s authorities./.

( Compiled by VNF )