HCMC offers incentives to infrastructure investors

Infrastructure projects will enjoy incentives like tax and rental breaks, the Ho Chi Minh City Department of Planning and Investment officials said at a seminar held in the city on Thursday.

HCMC’s inner areas alone need around $1 billion a year for infrastructure through 2025. (Photo: Thanh Nien)

The city needs an investment of $30 billion for infrastructure by 2025, with the inner city alone needing $15 billion, they said.

Six highways, including 52, 1K, 13, 22, 1A, and 50, and seven expressways besides ring roads and major city roads need to be built, they listed.

The city also plans to build 107 kilometers of subway lines on six routes, 35km of tramcar lines, 10 wastewater processing plants, and six water supply projects.

The meeting was organized by the city Investment and Trade Promotion Center.

By Hoang Liem – Translated by H.Mien

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