Conference discusses funding for transport projects

A conference was held this morning in Hanoi to discuss the issue, drawing participation from hundreds of experts and relevant agencies.

Until now, 71 transport projects have received funding from non-public sector, worth nearly 300 trillion dong or 13.4 billion USD. This has been seen as crucial as public investment has been limited in recent years. During the 2016-2020 period, public funding is expected to meet only 28% of the cost of transport infrastructure.

At the conference, experts pointed out the need for proper policies to hedge risks for investors and balance public funding in public-private partnerships. Representatives from credit institutions revealed that transportation infrastructure is among the priority sectors to receive credit in the near future.

However, prospective projects will have to be selected carefully and be capable of having a positive impact on the wider economy.