Vingroup confirms to allocate enough capital to build metro to Can Gio

Vingroup Corporation has just sent a document to the Ho Chi Minh City Department of Finance reporting some contents regarding the high-speed urban railway project connecting the center with Can Gio district.

In the document, Vingroup analyzed quite thoroughly the advantages of the public-private partnership (PPP) method compared to traditional public investment when considering factors such as investment preparation costs, ability to attract capital, technology, management skills and project implementation ability.

In particular, the PPP investment method will take advantage of capital from the private sector, including domestic and international capital, helping to reduce pressure on the budget.

The metro line to Can Gio is expected to run along the current Rung Sac route - Photo: Le Toan

When investing with private capital, private investors can raise capital through bank loans, bond issuance or equity, increasing flexibility in project financing.

In terms of technology, private investors often bring in advanced and modern technology to ensure the efficiency and profitability of the project. This is especially important in areas such as infrastructure, energy or healthcare , where technology plays a key role.

In terms of project implementation, private participation will help speed up project implementation thanks to profit motive and effective management ability.

For the railway project connecting the center of Ho Chi Minh City to Can Gio district, Vingroup Corporation proposed to apply the BOO (build - own - operate) contract form.

Vingroup will be responsible for arranging all capital to carry out investment, construction, management and operation throughout the duration of the Project on the basis of ensuring compliance with legal regulations.

Regarding the ability to attract investment capital to the Project, Vingroup said that the Group's member companies such as Vinhomes Joint Stock Company, Vincom Retail Joint Stock Company... are always in the top priority investment portfolios of international investment funds in the Vietnamese market.

During the development process, Vingroup has invested in many large-scale projects, some of which cost over 100,000 billion VND.

Therefore, Vingroup hopes that the Ho Chi Minh City People's Committee will approve the investment in a high-speed urban railway to Can Gio to create a boost for tourism development, investment and more convenience for people and tourists by shortening travel time from the center to Can Gio.

Source: https://baodautu.vn/vingroup-khang-dinh-bo-tri-du-von-lam-metro-den-can-gio-d272826.html