Hanoi is calling for investment of USD15.4bn for the constructions of four new railway lines and dozens other public–private partnership projects.
Hanoi calls for infrastructure investments
Hanoi’s authorities have said they planned 52 projects for 2016-2020 valued at USD15.4bn. Of which four flyovers projects alone will cost USD7bn.
The projects include a 47km elevated railway from the city centre to Noi Bai Airport which could cost USD650m. Other projects are an 18km-long railway from Lien Ha Commune to Vinh Tuy Ward, 8km railway line from Hanoi Train Station to Hoang Mai District and another 38.4km urban railway.
The authorities have also called for investment for five medical projects, 12 fresh water projects, 15 industrial and trade zones, five parking lots, 11 parks and 10 social housing projects.
The authorities have earmarked USD15bn to upgrade and renovate existing housing. There are 10 buildings are seriously deteriorated and need to be renovated or rebuilt quickly to ensure the residents' safety.
Most of these projects were done with ODA or BOT models in the past.
While public-private partnership models are nothing new in many countries, Vietnam is only now getting to grips with this form of investment. Hanoi’s authorities want to ease pressure on the state budget with this model and hope that experienced investors will be interested.