London businesses interested in HCMC infrastructure projects: mayor

By Chau Yen, Thanh Nien News

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Alderman Fiona Woolf (R), the Lord Mayor of London, shakes hands with Ho Chi Minh City’s mayor, Le Hoang Quan at a meeting on October 6, 2014 Alderman Fiona Woolf (R), the Lord Mayor of London, shakes hands with Ho Chi Minh City’s mayor, Le Hoang Quan at a meeting on October 6, 2014
London-based businesses are interested in infrastructure projects in Ho Chi Minh City, Alderman Fiona Woolf, the Lord Mayor of London, said in a meeting with the city's mayor, Le Hoang Quan, on Monday. 
Woolf, who serves as the global ambassador for UK-based financial and business services, was accompanied by a delegation of British businesses in her visit to Vietnam from October 5 to 7 to boost bilateral economic and trade ties. 
She said London-based businesses paid particular concerns to the projects to build roads, the metro system and the Thu Thiem Urban Area in HCMC. 
As London has lots of experience in building metro system, it could provide consultative services regarding to the sector to HCMC, she said. 
London can also provide long-term funds and professional assistance to infrastructure projects and public-private partnership (PPP) ventures in HCMC, she said. 
London-based institutes can help HCMC train human resources in the area of finance and real estate, according to the Lord Mayor. 
HCMC has scheduled to send a team of officers to the UK to learn about the development of PPP projects. 
HCMC mayor Quan said the city’s current top priority is developing the public transport system, particularly the building of metro (subway) lines and roads, in order to ease traffic congestion. 
The city needs at least US$60 billion for transport infrastructure projects until 2020, he said.

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