Hanoi needs $10 bln for transport infrastructure development

TN News

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Hanoi currently needs about US$10 billion to develop its commuter infrastructure in the next four years, according to the director of the capitol's Department of Transportation.


The city will make official development assistance loans, issue bonds, and employ foreign investment plans like build-transfer to rally the funding, said Nguyen Quoc Hung.


Hanoi has planned several major transportation projects, including beltways, suburban roads, and highways.


It will also invest in a new bus systems as well as related management systems.

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