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Hanoi seeks Japan’s loans for metropolis railway projects

Hanoi’s leaders had a working session with visiting Japanese Minister of Economy, Trade and Industry (METI) Hiroshige Seko on September 14.
Hanoi seeks Japan’s loans for metropolis railway projects ảnh 1Secretary of the Hanoi Party Committee Hoang Trung Hai (R) presents a gift to Japanese Minister of Economy, Trade and Industry Hiroshige Seko at their meeting on September 14 (Photo: kinhtedothi.vn)

Hanoi(VNA) - Hanoi’s leaders had a working session with visiting Japanese Ministerof Economy, Trade and Industry (METI) Hiroshige Seko on September 14.

Hoang Trung Hai,Politburo member and Secretary of the Hanoi Party Committee, expressed hisdelight to see the thriving and close-knit relations between the two countriesand between Japan and Hanoi.

Currently, Hanoi has32 projects using over 2.9 billion USD in ODA loaned from the JapaneseGovernment. Many large and small projects invested by Japanese investors havecontributed to creating changes in Hanoi, he said.

He informed guest that the city will launch 10 urban railway projects with anestimated investment of 40 billion USD, expecting to get Japanese loans for theeffort.

In addition to that,Hanoi is seeking support for the training of officials in charge of theseprojects, together with experience in carrying out Public Private Partnership(PPP) projects, Hai noted.

He expressed hishope that the visiting Minister will continue paying attention to stepping up thecomprehensive cooperation, especially in economics, trade and industry, betweenHanoi and Japan.

♛[Japan company helps Hanoi operate urban railway system]

The Japanese Minister noted that many cooperation agreements, including thosefor Hanoi, have been signed during recent visits of the two countries, and thathis visit looks to materialize these agreements.

He affirmed that theJapanese Government wishes to enhance cooperative ties with Vietnam and Hanoi,particularly in urban infrastructure, metropolis railways, culture, theenvironment and tourism, and more.

Nguyen Duc Chung, Chairman of the Hanoi People’s Committee, said Hanoi is growingrobustly in terms of urban areas and it needs a large amount of investment forthe construction of urban and railway infrastructure.

He expected thatJapan would speed up its lending of capital so the city can launch the NamThang Long-Tran Hung Dao metropolis railway No. 2, which faced a standstill foralmost four years. - VNA
VNA

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