HCM City lacks capital for transport infrastructureVietNamNet Bridge – HCM City needs more investment capital for transport infrastructure development, according to the city’s transport department. In 2016-2020, demand for investment capital for transport infrastructure was estimated at about VND500 trillion (US$22 billion). It means the total capital the city has allocated for the 5-year period is VND61 trillion, about 10 per cent of demand. According to figures released by the department, some 22,300ha of land has been approved for transport infrastructure development, but only 7,800ha is being used currently. The total length of roads in the city was about 4,155km, equivalent to 1.98km of road per sq.km of city area.

Source: VietNamNet News December 12, 2017 04:18 UTC