HCMC – Binh Duong Province has proposed borrowing VND10 trillion to fund critical transportation infrastructure projects, said Nguyen Van Loi, secretary of the Party Committee of Binh Duong Province.
Loi presented the proposal during a meeting chaired by Prime Minister Pham Minh Chinh in HCMC on August 10. He stated that the province is prioritizing regional connectivity projects with a total investment of VND60 trillion. Despite efforts to cut or delay less urgent projects, Binh Duong still faces a VND10 trillion funding shortfall.
The province has pledged to make annual repayments if the loan is approved.
Binh Duong also proposed additional investments in infrastructure, including VND1.7 trillion to complete the Tan Van interchange on the Beltway No. 3 project and VND668 billion for two bridges on the parallel road at Binh Goi Bridge. The proposed funding would come from the project’s contingency budget.
The province is also considering replacing its Bus Rapid Transit (BRT) project with a Light Rail Transit (LRT) system.
Japanese experts have recommended the LRT as a better option to meet Binh Duong’s transportation needs. Additionally, the province is exploring a metro line connecting the new city center to Suoi Tien station in HCMC, with feasibility studies currently underway.
