Transport ministry needs to raise 20tr dong outer budget for infrastructure investment in 2012

Pursuant to the Government’s capital allocation plan for 2012, the traffic and transportation sector needed 54 trillion dong, including 15 trillion dong of the state budget for 87 projects (41 official development assistance (ODA) projects).
Also the ministry proposed the government to allocate 20 trillion dong from G-bonds for 120 projects. The remaining 20 trillion dong will be mobilized from other sources by the Ministry of Traffic and Transportation in order to invest in 40 projects under the Building-Operating-Transferring (BOT) and Public Private Partnership (PPP) forms.

In an interview with Saigon Economic Times Online, Nguyen Hoang—Head of Planning and Investment Department under the ministry said, the state budget in 2012 capital plan that the ministry proposed was increased by 2.5 times, G-bond capital up 2 times compared with the real capital allocation in 2011.

Ministry will only grant capital to the projects which can be completed in 2012, important infrastructure projects, he added.

Till now, the ministry allowed the investment pipeline of 139 projects amounting to more than 610 trillion dong. Among these, 46 projects were approved but have not been started because of lack of capital allocation. – Vietbiz24

Tags: Vietnam Infrastructure

Posted by VBN on Dec 16 2011. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry