(Engineering Daily) Nguyen Anh Duong = It is predicted that astronomical capital is needed to develop infrastructure in Ho Chi Minh City, Vietnam.
According to Ho Chi Minh City, Vietnam, about $13 billion is required for the city's planned infrastructure construction project to be on track.
This amount should be invested over the next 10 years, mainly due to the expansion of public transportation networks, including two circular roads, bridges, metro extensions, and waterway construction.
Ho Chi Minh City expects demand for public transportation to surge in line with the current rapid economic growth, which is expected to increase Vietnam's growth rate by 4-5%.
Meanwhile, Ho Chi Minh City proposed a blueprint that 28 percent of the budget for related projects will be covered by its own budget, while the remaining amount will be financed through central government and private investment and public fund.