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Private sector tapped for canal work

Update: December, 30/2014 - 09:13
In 2015 – 20, the ministry hopes to mobilise VND12.7 trillion (US$595 million) from non-state players for 45 projects that require nearly VND15.8 trillion ($741 million). — File Photo

HCM CITY (VNS) — The Ministry of Transport has approved a plan to solicit investment from the private sector for developing infrastructure for inland waterways.

In 2015 – 20, the ministry hopes to mobilise VND12.7 trillion (US$595 million) from non-state players for 45 projects that require nearly VND15.8 trillion ($741 million).

In 2015 the Ministry seeks investment in two pilot BOT (Build-Operate-Transfer) projects to upgrade inland waterways. These are the second phase of the Cho Gao Canal upgrade at a cost of VND1.4 trillion and work to upgrade the waterway section from the Binh Loi Railway Bridge to Ben Suc Bridge on the Sai Gon River.

To enable investors to make returns, the ministry will allow them to collect fees or sell items like sand and pebble collected from dredging canals and rivers.

The Government has pledged all support to ensure all their investments financially effective. — VNS

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