Monday,  Jul 16, 2018,04:11 (GMT+7) 0 0
JICA urges timely disbursement for infrastructure projects
Le Anh
Friday,  Sep 22, 2017,21:39 (GMT+7)

JICA urges timely disbursement for infrastructure projects

Le Anh

The elevated track of Metro Line No. 1 in HCMC, whose construction pace has been affected by Vietnam’s slower-than-expected capital disbursement - PHOTO: LE ANH

HCMC – Shinya Ejima, senior vice president of the Japan International Cooperation Agency (JICA), has asked the Ministry of Transport to work with other ministries and agencies to quickly disburse capital for traffic infrastructure projects funded by Japan aid.

In a working session with the Transport Ministry on September 21, Shinya Ejima said some traffic infrastructure projects financed by Japan’s official development assistance (ODA) loans have run into trouble due to Vietnam’s capital allocation delays. Therefore, capital disbursement has been lower than expected.

He proposed the Transport Ministry work up with the Ministries of Planning-Investment and Finance to speed up capital disbursement for the 57-kilometer Ben Luc-Long Thanh Expressway and Haiphong International Gateway Seaport, or Lach Huyen Port, in the northern coast city of Haiphong.

Other completed projects, such as Can Tho Bridge in the Mekong Delta city of Can Tho and 44 rail bridges between Hanoi and HCMC, also need capital disbursement on the Vietnam side.

The Japan-funded Ben Thanh-Suoi Tien urban rail line in HCMC, or Metro Line No. 1, is in dire need of capital. Despite repeated petitions by HCMC, the central Government has yet to deal with the slower-than-expected capital disbursement for this project.

Transport Minister Truong Quang Nghia said his ministry has already worked with relevant ministries and agencies, and has forwarded disbursement solutions to the Government for consideration.

He also asked JICA to offer financial support for three large-scale projects – the North-South Expressway, the North-South Express Railway, and the Long Thanh International Airport.

The Transport Ministry also called for Japanese investors to get involved in projects under the public-private partnership (PPP) format.

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