Monday, August 21 2017

VietNamNews

AIIB to offer loans for HCM City infrastructure projects

Update: March, 07/2017 - 17:38
The secretary of HCM City’s Party Committee, Đinh La Thăng, on Monday met with Jin Liqun, the chairman of the Asian Investment and Infrastructure Bank (AIIB). — VNA/VNS Photo Thanh Vũ
Viet Nam News

HCM CITY — The secretary of HCM City’s Party Committee, Đinh La Thăng, on Monday met with Jin Liqun, the chairman of the Asian Investment and Infrastructure Bank (AIIB) to discuss financing for infrastructure projects in the city.

The city needs a total investment of about US$50 billion to develop infrastructure, Thăng said, adding that he welcomed the support of the AIIB as well as other investors.

The chairman of AIIB said loans would be offered for development projects at preferential rates equal to or better than other international financial organisations.

He said that AIIB wanted to help to resolve the city’s problems, including traffic congestion, waste treatment and urban transport infrastructure.

The bank will also provide preferential loans to support the city’s private businesses operating in infrastructure development, according to Jin.

He noted that Việt Nam was developing quickly, with one of the fastest economic growth rates in Asia.

Thăng said the city would offer the bank favourable conditions in lending or direct investment to implement key projects.  — VNS

 

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