HN calls for investment into PPP projects

June 10, 2016 | 10:32

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Ha Noi is calling for investment in 52 transport infrastructure projects under public-private partnership (PPP) form in 2016-2020.

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This is the first time Ha Noi publicly has called for private sector participation in the construction of transport and infrastructure facilities under PPP form.

Earlier, major projects of this kind have been carried out with State budget and Official Development Assistance (ODA) and the Build–operate–transfer (BOT) modal.

The 52 projects will cost about VND338,725 billion, including 35 in infrastructure with four elevated urban railways lines listed as key projects in the set period which need a total investment of VND150,000 billion (US$7.1 billion).

Urban railway line No.6 (from Hanoi's centre to Noi Bai internationsl airport) is estimated to require VND 14,282 billion. It is expected to promote the urban development and socio-economic development of the Northern part of the Red River Region.

The urban railway line No. 3 (from Ha Noi station to Hoang Mai district) looks to reduce traffic congestion. It will need VND28,175 billion.

The others are urban railway line No.4 phase 1 (Lien Ha-Vinh Tuy) whose total investment nears VND40,885 billion and urban railway line No. 5 which will cost approximately VND65,572 billion.

In addition to infrastructure, Ha Noi has also called for investment into healthcare, clean water, industry, trade, services, parking places, parks, hospitals and social housing projects.

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