More than US$617 million (VND 13 trillion) will be required by Vietnam's Ho Chi Minh City for road construction and repairs in 2014, according to a national newspaper quoting the city's Department of Transport. Ho Chi Minh City needs the money to fulfil plans to construct 10 new bridges and 45km of road covering 397,000m².
Of the total funding demand, $108.27 million (VND 2.3 trillion) will be official development assistance (ODA) loans, while $329.54 million (VND 7 trillion) will come from Ho Chi Minh City's budget. A sum of $177.01 million (VND 3.76 trillion) will be allocated for commuter bus subsidy as well as maintenance. Build-operate-transfer (BOT) and build-transfer (BT) projects are estimated to require some $170.42 million (VND 3.62 trillion) capital. The sum utilised by districts for road construction and site clearance is approximately $188.3 million (VND 4 trillion).
In 2014, a number of transport projects, including roads connecting Hiep Phuoc industrial park with Ba Chiem bridge and Ton Duc Thang street with Thai Van Lung street, will be kicked off. Meanwhile, pipe measuring a minimum of 215km will be installed for clean water supply. Flood control projects will still be carried out to abolish a minimum of six flood-prone sites, out of the total 11.
Of the total funding demand, $108.27 million (VND 2.3 trillion) will be official development assistance (ODA) loans, while $329.54 million (VND 7 trillion) will come from Ho Chi Minh City's budget. A sum of $177.01 million (VND 3.76 trillion) will be allocated for commuter bus subsidy as well as maintenance. Build-operate-transfer (BOT) and build-transfer (BT) projects are estimated to require some $170.42 million (VND 3.62 trillion) capital. The sum utilised by districts for road construction and site clearance is approximately $188.3 million (VND 4 trillion).
In 2014, a number of transport projects, including roads connecting Hiep Phuoc industrial park with Ba Chiem bridge and Ton Duc Thang street with Thai Van Lung street, will be kicked off. Meanwhile, pipe measuring a minimum of 215km will be installed for clean water supply. Flood control projects will still be carried out to abolish a minimum of six flood-prone sites, out of the total 11.
