HCM City needs $44 bln to develop infrastructure by 2030Ho Chi Minh City needs about VND1,000 trillion (US$44 billion) for infrastructure development in the phase of 2015-2030, said a representative of the city People’s Committee at a meeting yesterday. Raising other capital resources amid the existing state budget limitation is the key to boost infrastructure investment, said the representative. The company should continue promoting its role of the city’s strategic investor and initiate non-state capital mobilization for the city's infrastructure development and key programs. Cooperation rules signedAt the meeting, the Department of Transport and HFIC signed a set of cooperation statues to mobilize investment in urban infrastructure. Deputy Chairman of the city People’s Committee Tran Vinh Tuyen appreciated the rules and required HFIC to swiftly build a capital mobilization project for the city’s infrastructure.

Source: VietNamNet News July 08, 2016 06:22 UTC