The plan to mobilize capital for urban railway projects in Hanoi and Ho Chi Minh City for 2020 has just been passed by the Prime Minister.

Under the plan, an amount of US $14.849 billion will be needed to fund 13 railway routes in the two cities.

7 projects with a total investment of US $7.345 billion, including US $5.542 billion mobilized from outside sources and US $1.803 billion from domestic sources, will be realized in Hanoi.

Meanwhile, Ho Chi Minh City will absorb 6 projects with the total investment of US $7.504 billion, including an overseas loan of US $6.3 billion and a corresponding capital of US $1.204 billion.

The Prime Minister requested investment management agencies and investors to gear up project preparations and implementation.

He also instructed relevant ministries and agencies to try to access ODA or other appropriate sources for the projects, ensuring that the momentum of project implementation is on the schedule.

Source: DT

Translated by Thu Nguyen