HFIC & IPC cooperate to develop infrastructure in HCMC

Ho Chi Minh City Finance Investment Company (HFIC) and Tan Thuan Industry Promotion Company (IPC) yesterday signed an agreement, aiming to boost their cooperation in investment & infrastructure sectors in Ho Chi Minh City.

Mr. Pham Phu Quoc, general director of HFIC said the 2016-2020 period, the city estimates for capital source to transportation sector is over VND 124trillion. Of these, state budget’s capital is by VND 55,300billion, accounting for 44 percent, ODA capital will be VND 17trillion and the rest of VND 49,300billion is to mobilize social capital sources while, IPC current is one of the leading enterprises in the city of infrastructure invesment with its strategy of “Heading towards East Sea”.

Under agreement, high-priority projects that will be planned to implement for the 1st phase of cooperation include Hiep Phuoc urban area, Hiep Phuoc port area, the 3rd phase of Hiep Phuoc Industrial Zone, North-South route and Nguyen Van Linh road junction…

P.Bao –Translated by M.Quyen

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