Ho Chi Minh City

HCMC proposes to remove obstacles for key projects

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Ho Chi Minh City proposed the Ministry of Finance support the acceleration of a new additional loan from the European Investment Bank (EIB) for the construction project of the 11-kilometer-long Ben Thanh – Tham Luong Metro Line.
HCMC proposes to remove obstacles for key projects ảnh 1
In addition, the city also suggested pushing up the fourth loan package from Japan International Cooperation Agency (JICA) for the Ben Thanh – Suoi Tien Metro Line, to speed up the negotiation processes to soon reach an agreement of additional loan approval for the water environment improvement project in the city, the basin of Tau Hu-Ben Nghe-Doi-Te canal in the second phase.
The HCMC is running eight projects, including six projects of group A which comprises four projects with a total investment of over VND10,000 billion (US$442 million) and two projects of group B having a total investment of VND121,214 billion (US$5.4 billion). Regarding the project progress, the Ben Thanh – Suoi Tien Metro Line and the Ben Thanh – Tham Luong Metro Line reached 86 percent and 3.8 percent, respectively.

The Municipal People’s Committee proposed the Ministry of Planning and Investment to soon give guidance for the city to solve some difficulties and obstacles on applying the law on public investment on projects using ODA and preferential loans.

By Quoc Hung- Translated by Huyen Huong

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