English
The HCM City's Department of Transportation and Public Works hopes to raise capital for key infrastructure projects from multiple sectors through various investment forms, a senior official has said. It is also open to new investment forms that have not been applied yet in the city, if there are investors interested in pursuing them, says department director Tran Quang Phuong.
He said the city is in dire need of funds to launch and complete key transportation projects.
However, few domestic investors are interested in them because they usually require capital much higher than their financial capacity, he noted. Foreign investors are unable to take up the transport department's investment invitation because of global economic turmoil, he said.
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