Attracting large capital from FDI in infrastructure investment
- Monday - 14/03/2022 14:56
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Currently, Dong Nai has 5 big projects with a total implemented capital of more than 6 US$billion that are being called for by the Government to enterprises with foreign direct investment (FDI). Most of these projects are in the field of transport infrastructure, when completed, will create favorable conditions for the economic development of the province and neighboring provinces.
According to the Decision No. 1831/QD-TTg of the Prime Minister on the National List of projects called for FDI in the 2021-2025 period, Dong Nai has 5 projects including: Trang Bom-Hoa Hung Railway, Thu Thiem - Long Thanh international airport Railway, Bien Hoa - Vung Tau Railway, Dau Giay - Lien Khuong Highway, water supply and waste treatment system in Long Khanh City.
Bien Hoa City is the place where many railway
projects will be implemented
There are 3 over 5 major projects that the Government calls for FDI enterprises to invest in Dong Nai in the railway sector. Including: Trang Bom - Hoa Hung Railway Project with the largest capital of about US$2.977 billion. The railway route has a length of more than 39km, starting from Trang Bom District, passing through Bien Hoa City, Binh Duong Province and to Ho Chi Minh City. The project is invested in the form of Public-Private Partnership (PPP). This project, when deployed, will recover about 72ha of land of Trang Bom and Bien Hoa City.
Bien Hoa - Vung Tau Railway Project connects national railway with Cai Mep Port and seaports in Ba Ria - Vung Tau area with a length of 84km. This railway route will be divided into two phases for implementation, with a total investment of US$2.47 billion. The starting point of the project from Bien Hoa City extends through Long Thanh District and to Ba Ria-Vung Tau Province. Investment capital of phase 1 is about US$1.47 billion and phase 2 is US$1 billion.
The next is the Thu Thiem - Long Thanh International Airport Railway to carry passengers between Ho Chi Minh City Center and Long Thanh International Airport and vice versa. The railway line has a length of 37km and an investment of US$174 million. The purpose of investing in railway projects is to improve urban traffic, such as reducing congestion and accidents, transporting large volumes of goods from Industrial Zones to seaports, airport in the Southern Key Economic Zone and other neighboring areas.
Facilitating the transportation of goods
Mr. Nguyen Dinh An, Head of Bien Hoa Railway Station said: “The urbanization speed of Dong Nai, Ho Chi Minh City and Binh Duong Province is very fast, the industry is developing, the demand for goods transportation and circulation is very large. Therefore, the Government's investment in railway lines will greatly reduce the load on road traffic. Passengers and cargo carried by railway will ensure on time according to regulations, reducing traffic congestion. In addition, railways also have the advantage of being able to transport many bulky, large-volume goods at a much cheaper price than by road.
This is also the reason for the period 2021-2025, the Government will call for FDI enterprises to invest in 11 railway lines across the country. In which, priority is given to many railway projects for the Southeast region to connect with ports and the North-South railway.
Chairman of the Provincial People's Committee Cao Tien Dung emphasized: "In the coming period, Dong Nai Province will implement many national, regional and provincial transport infrastructure projects. The completion of the above projects will create a breakthrough in the economic development of the province and the region. Dong Nai conducts land use planning to 2030 for important transport infrastructure projects to timely deploy according to the schedule.
Vi Quan