Japan helps develop Hanoi infrastructure

September 13, 2012 | 08:45
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The Hanoi People’s Committee and the Japan Bank for International Cooperation (JBIC) on September 12 signed a memorandum of understanding on promoting investment in infrastructure of the capital city.


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Under the agreement, the two sides will create favourable conditions for the private sector to engage in urban infrastructure and industrial projects in the forms of public-private partnership (PPP) and built-operation-transfer (BOT).

The projects can see the participation of Japanese companies, as investor or contractor, and others which qualify for receiving JBIC’s financial assistance.

Earlier, the project for Hanoi ’s metro railway No. 5 was chosen for PPP investment.

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