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HCM City struggles to find funds for transport projects

Update: June, 06/2012 - 10:16

HCM CITY — 2012 has been a difficult year to raise funds for the 16 major transport infrastructure development projects being carried out in HCM City, officials say.

The city's Transport Department has told a supervisory team from the HCM City People's Council that several projects have been facing funding shortages and hindrances in site clearance.

These included the Sai Gon Bridge No 2, construction of which started in April 2012, the second stage of the Inter-provincial Road No 25, and the Rach Chiec Bridge on Ha Noi Highway, it said.

Site clearance has slowed the work on expanding the Ha Noi Highway, building a road linking the Eastern Ring Road with the Ha Noi Highway, linking the Tan Son Nhat Airport with Binh Loi and the outer ring road and expanding Provincial Road No 10, the city legislature officials were told.

City authorities are seeking funds for several other projects including Rach Chiec Bridge No 2 on the Eastern Ring Road and the road linking the East-West Highway with the HCM City - Trung Luong Expressway.

Speaking at the meeting between supervisors from the Council's Economy and Budgets Department, Bui Xuan Cuong, Deputy Director of HCM City Transport Department, said 2012 has been a difficult year for getting funds for infrastructure development projects.

Nguyen Van Lam, deputy director of the city People Council's budgeting department, said the Transport Department should ask the city authority to urge concerned district and ward administrations to speed up site clearance.

The supervisory team visited the project site for the Eastern Ring Road as part of a plan to supervise the implementation of major transport infrastructure projects in the city.

The 3.2-km section of the Eastern Ring Road, which runs from the Phu My Bridge to the intersection of Inter-provincial Road No. 25, has been opened to traffic.

Meanwhile, work on upgrading the 5.5-km stretch of the ring road from the inter-provincial Road No. 25 to the Rach Chiec Bridge began in April and is scheduled to be completed by the end of this year, according to Vu Van Diep, deputy director of the Urban Transport Zone No 2 Management Board, which functions under the city's Transport Department. — VNS

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