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HCM City lures transport investors
Investors can request permission for building parking lots at sites other than those planned by the city administration, it was announced last week.
In a regulation issued last Friday to encourage investment in transportation and traffic infrastructure projects, the HCM City People's Committee called on foreign investors to invest in building bus terminals, parking lots and other transportation infrastructure projects through various forms like build-operate-transfer, build-transfer-operate or build-transfer.
Investors will enjoy incentives under the current investment law, including preferential loans and taxes as well as fee exemptions.
Besides planned parking plots inside the city or in the city's gateway, investors can propose that the municipal government grant permission for building them in other places as long as they do not affect local traffic and infrastructure development.
The city requires investors to ensure technical standards in building transport terminals, including reserving at least 70 per cent of their total area for parking.
For inter-provincial coach stations, depending on their scale, the city requires investors to set aside 1,000-2,000sq.m to build a transit terminal for bus passengers.
vietnamnews
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