|
Japan marks $6.1b for major projects
Japan would provide an ODA loan of 500 billion yen (US$6.1 billion) to Viet Nam's two infrastructure development projects, the Lach Huyen Port Complex and the Long Thanh International Airport, as a public-private partnership.
Daily newspaper Nikkei yesterday quoted relevant information resources as saying that the Japanese government would finance the projects through its businesses.
Details of the projects will be discussed in meetings between Vietnamese Politburo members of the Party Central Committee, minister and head of the Government Office Nguyen Xuan Phuc and Japanese authorities next week.
The 140 billion yen ($1.7 billion) Lach Huyen Port Complex in northern Hai Phong Port City will receive 120 billion yen ($1.4 billion) from the Japanese government, while the remaining capital would be provided by Itochu Corp, Nippon Yusen KK and Mitsui O.S.K Lines Ltd.
The three groups will co-operate with Viet Nam National Shipping Lines (Vinalines) to build the port complex, which is expected to become operational in 2015.
They will manage the port for a certain amount of time until they get back their invested capital. Japan's International Co-operation Agency (JICA) is scheduled to build a detailed construction plan by the end of this month.
The Long Thanh International Airport would cost an estimated 300 billion yen ($3.6 billion) to build its major components, including the runway and air traffic control centre.
Mitsubishi Corporation, Taisei Corporation, Japan Airport Consultants Inc and Narita International Airport Corp will use capital from JICA to conduct research on the project and report to the two governments this year.
The airport is expected to become one of the largest in the region with a designed capacity of handling 100 million passengers and 5 million tonnes of cargo every year. The airport will receive 90 per cent of international flights and 20 per cent of local flights to and from HCM City.
vietnamnews
|
