MoT should diversify capital resources for transport projects

VGP - The Ministry of Transport (MoT) should to stimulate all economic sectors to get involved in transport projects through models like build-operate-transfer (BOT), build-transfer (BT) and public-private partnership (PPP), said Deputy PM Hoàng Trung Hải.

February 15, 2011 7:29 AM GMT+7

Deputy PM Hoàng Trung Hải - Photo: VGP

Deputy PM Hải made the statement at the MoT’s meeting to review its 2010 performance and discuss the implementation of 2011 tasks in Hà Nội on February 14.

The Deputy PM asked the MoT to take advantage of capital sources from foreign organizations, including the International Climate Change Prevention Fund.

The ministry plans to build and upgrade some 800 km of roads and construct 10 km of bridges, and try to complete and hand over more than 10 large projects., said Deputy Minister of Transport Ngô Thịnh Đức.

He added that the MoT will strive to increase goods transport by 8-10 percent and passenger transport by 9-10 percent, as well as reduce the number of casualties by traffic accidents by at least 3 percent.

It will also speed up the issuance of technical standards in traffic work infrastructure construction as well as improve consultancy work and project management.

By Hải Minh