HCM City to issue bonds for transport development

04-Jun-2012 Intellasia | Tuoi Tre | 1:55 PM Print This Post

HCM City People’s Committee on June 3 agreed with some solutions proposed by HCM City Department of Transport to raise capital for some transport projects in the context of the city’s budget constraints, the local newswire Tuoi Tre (Youth) reported.

Accordingly, HCM City People’s Committee may assign HCM City Finance Investment Co (HFIC) to issue work bonds to raise two trillion dong for the ground clearance of linking road project between Ring Road 2 and Hanoi Highway.

This road is about 3.8 km long, 67m wide, with a total investment of more than 1.3 trillion dong for the first stage (building four lanes on two sides while the middle line of 33m is for reserve).

 


Category: Finance

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