At the meeting, banks from the Republic of Korea (RoK) and Japan have expressed their interest in providing capital for infrastructure projects in HCM City.
Vice Chairman of the RoK’s Export-Import Bank (KEXIM)Hong Young Pyo said the lender is interested in infrastructure and transport projects in Vietnam and Ho Chi Minh City in particular.
KEXIM wants to fund the urban railway route No 4b-1 (to Tan Son Nhat International Airport) and phase two of the urban railway route No 5, he said.
He also expressed his interest in investing or providing capital for other infrastructure projects in HCM City like the construction and transfer of technology operating the urban railway routes and the smart traffic operation centre.
General Director of the HCM City branch office of the Bank of Tokyo-Mitsubishi UFJ Senda Tetsuya said that his bank he wants to provide capital provision for key projects in Ho Chi Minh City while meeting with representatives from the city’s departments and sectors to increase cooperation and funding in potential areas.
For his part, Vice Chairman of the HCM City People’s Committee Le Van Khoa lauded KEXIM’s goodwill and said that Ho Chi Minh City expects the bank to soon complete legal procedures to disburse capital to complete the feasibility study for phase two of the urban railway route No 5.
He asked the bank to assist HCM City to seek additional incentive capital from multilateral credit organizations like the Asian Development Bank and the World Bank to implement phase two of the whole urban railway route No 5 after the Korea International Cooperation Agency Team completes its final report in December, 2016.
