HCM City Needs US$20Bln to Develop Transport System by 2020

HCM City Needs US$20Bln to Develop Transport System by 2020

The Ho Chi Minh City needs an investment capital of between US$15-20 billion to develop its transport system by 2020, according to the city’s plan.

Besides some US$2-4 billion from the State budget, equivalent to 1.25 per cent of the city’s GDP, Ho Chi Minh City needs to boost investment capital attraction through build-own-transfer (BOT) and build-transfer (BT) projects.

The city should also early study and apply socialization policies in construction investment and road transport infrastructure maintenance in the direction of using economic measures on city transport demand management like other big cities in the world.

With the combination of three measures, namely road network development, individual transport means using and owning demand management and public transport development, Ho Chi Minh City expects to basically solve traffic jams situation in the city by 2020.

• Vietnam Economic Times