Korea continues to spend preferential ODA for transport projects in Vietnam
Minister of Transport Nguyen Van The and Chief Representative of EDCF Kim Jae Hwa agreed to continue to work closely and seek cooperation opportunities for new traffic programs and projects.
Mrs. Kim Jae Hwa said that the Ministry of Transport is a very important partner of EDCF. EDCF spends 60% of its capital for the development of the transportation sector. Currently, the Ministry of Transport is coordinating with EDCF to prepare 5 projects added by the National Assembly of Vietnam to the medium-term public investment portfolio for the 2016-2020 period with a total loan of $ 428.86 million, including: Project component 1A belongs to Tan Van – Nhon Trach road project, phase 1, Ring 3 – City. HCM City; Improving weak bridges and connecting bridges on national highways (including two phases 1 and 2); To renovate the railway in Khe Net pass area; To renovate the Hoa Duyet – Thanh Luyen space for the Thong Nhat railway line.
“We hope that the Ministry of Transport will work closely with relevant ministries and agencies to quickly reach the signing of loan agreements, from which these projects can be implemented this year,” she said. Kim Jae Hwa expressed.
Ms. Kim Jae Hwa also said that EDCF has now allowed Vietnamese businesses to participate in projects funded by EDCF; At the same time, it will continue to loosen loan policies and regulations on loans. This is an opportunity to strengthen cooperation between the two sides in the transport sector. MOT should make a list of programs and projects to which the EDCF can support, clearly stating the priority order.
“EDCF will always act as an organization providing ODA of the Korean Government for projects that the Ministry of Transport is interested in and needs to support,” said Ms. Kim Jae Hwa.
Hung Ha Bridge – a project using loans from EDCF was inaugurated at the end of January 2019
“With very good coordination between the two sides, these projects are implemented smoothly, on schedule as required. These projects are completed, put into operation, and exploited will create great favorable conditions. for transportation, trade and regional socio-economic development “, the Minister said.
Regarding projects currently having problems with loan procedures, the Minister affirmed that the Ministry of Transport will actively work with relevant agencies, accelerate the process of ensuring that loan agreements can be signed. between the two Governments.
“I hope EDCF will continue to spend more preferential ODA support for transportation infrastructure projects in Vietnam in the coming time”, the Minister said and expressed his wish through EDCF and the personal leader. There will be many Korean investors and businesses interested in investing and cooperating in the transport sector in general, and the transport infrastructure in Vietnam in particular.
