A delegation from Swedish conglomerate Wallenberg Group visited Ho Chi Minh City on September 24 to study investment in infrastructure.
|Traffic jam at Hang Xanh intersection in Ho Chi Minh City|
Receiving the executives, city chairman Le Hoang Quan said the city faces many challenges to its development efforts, one of which is a poor and overloaded transport infrastructure.
After coming to know that the city has only 5 percent of the country’s road surface but a third of its vehicles, the delegation turned its focus to urban transport infrastructure.
It was especially interested in three key projects in which the city has sought investment -- the metro system, belt roads linking it with provinces, and an elevated road system.
Wallenberg is one of Sweden’s leading banking and industrial groups.