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Tuesday, June 18, 2024

HCMC seeks investment for 197 projects

The Saigon Times

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HCMC – The HCMC government is calling for investment totaling over VND943.9 trillion in 197 projects this year.

The city has approved a list of projects for investment attraction proposed by the municipal Department of Planning and Investment, the local media reported.

The list included many traffic infrastructure projects, typically the HCMC-Moc Bai Expressway with 25 kilometers in HCMC and over 23.7 kilometers in Tay Ninh. The project needs some VND15.9 trillion.

In addition, the city is calling on investors to develop an 8.7-kilometer road project parallel with National Highway 50 and the extended Vo Van Kiet Avenue project from Ring Road No. 3 to HCMC’s border with Long An Province, which require an investment of over VND3.8 trillion and VND13.8 trillion, respectively.

Investment is also needed for elevated road projects, such as the 9.5-kilometer elevated road No. 1 project which requires VND17.5 trillion in investment and will pass through districts 1, 3, Tan Binh, Binh Thanh and Phu Nhuan; and the elevated road No. 5 project which was designed to be 21.5 kilometers long, pass through Thu Duc City and districts 12, Binh Tan and Hoc Mon, and need an estimated investment of VND15.4 trillion.

In addition, HCMC is seeking capital for 12 metro line projects worth nearly VND427.4 trillion, including the second and third phases of the second metro line, metro lines Nos. 3b and 4, and monorail lines Nos. 2 and 3.

In the environment protection, waste and wastewater treatment and anti-flooding sectors, the city needs over VND40 trillion for projects, including a waste-to-energy project with a capacity of 2,000 tons of waste per day and an investment of VND4.92 trillion, and a waste collection and treatment system in the Tan Hoa-Lo Gom area which needs over VND6.3 trillion in investment.

As for urban revitalization and housing projects, which cost more than VND52 trillion in total, typical projects are those to develop the Hiep Phuoc urban area in Nha Be District, multifunctional trade center and residential area complexes in the Thu Thiem New Urban Area, and projects to revitalize the urban landscapes in districts 7 and 8 and in the south bank of the Doi Canal.

Furthermore, the city is calling for investment in projects in the industry, trade-service, education-training, healthcare, culture-sport and tourism sectors.

To effectively attract investment, the municipal government assigned the Department of Planning and Investment to announce the list of the 197 projects and report the list to the Ministry of Planning and Investment in line with the law.

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