Vietnam urged to invite private capital for airports

Victoria
By Victoria January 4, 2012 23:04

Vietnam urged to invite private capital for airports

In Vietnam, the biggest problem is the lack of the state budget for infrastructure development. In the period of 2001-2010, the total investment capital for aviation transport only amounted to 6% of the total investment capital for transport in general, about $2.1 billion. However, 80% of that sum of money has been spent on buying aircraft, while the modest sum of $190m has been spent on airport infrastructure. Now the government of Vietnam is being urged to allow international airports in Vietnam to satisfy their investment demands by attracting private capital and FDI capital under the mode of BTO (build – transfer – operation). Meanwhile, the government needs to gather strength on upgrading the capability of local airports.

Victoria
By Victoria January 4, 2012 23:04
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