PM: Non-State capital critical to transport infrastructure projects
Prime Minister Nguyen Xuan Phuc demanded the Ministry of Transport (MoT) and relevant ministries to remove all obstacles, including existing mechanisms and policies, to mobilise capital from all possible sources for transport infrastructure projects.
Prime Minister Nguyen Xuan Phuc speaks at the meeting with key officials of the Ministry of Transport. (Source: VNA)
Hanoi(VNA) – Prime Minister Nguyen Xuan Phuc demanded the Ministry of Transport(MoT) and relevant ministries to remove all obstacles, including existing mechanismsand policies, to mobilise capital from all possible sources for transportinfrastructure projects.
He made theremark at a meeting with key officials of the MoT on March 16.
According to thePM, the State must provide support and create necessary institutions,mechanisms and favourable conditions to attract investment in transportinfrastructure.
He assigned theMoIT to build specific mechanisms for developing highways and drawing investment in the Public-PrivatePartnership form, while seeking more capital from ODA (Official DevelopmentAssistance).
The PM alsocalled attention to other modes of transport, such as waterway to reduce thedependence on land transport.
He required theVietnam Airport Corporation to invite investors to build airports and otherinfrastructure facilities, noting that the State only holds ownership ofcertain airports and a number of essential facilities.
The MoT reportedthat total capital needed for transport infrastructure development in 2016-2020is nearly 953 trillion VND (42.7 billion USD) but the ministry has beenallocated only 188 trillion VND (8.43 billion USD).
A representat🐻iveof the Vietnam Airport Corporation said the upgrading of airports needs anaverage 5.5 trillion VND (247 million USD) each year from now to 2020.-VNA
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Prime Minister Nguyen Xuan Phuc speaks at the meeting with key officials of the Ministry of Transport. (Source: VNA)
