(VOV) - Ho Chi Minh City (HCMC) is finalizing a list of 14 key infrastructure projects suitable for foreign investment, worth billions of US dollars.
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The projects will transform the city into a modern transport hub and will include the city’s first electric tram route, its second and third monorail track, the development of its urban railway (Line No 6), three new elevated railway tracks and the expansion of National Highway 22.
Foreign investors will be collated between 2011 and 2015.
Those interested will be invited to invest in two different models: BOT (build-operate-transfer) or PPP (public-private partnership).
It is estimated that the development of the city’s traffic infrastructure requires a total investment of VND46.8 trillion by the year 2012.
The southern hub is attempting to mobilize capital from various sources independent of the State budget.