Ho Chi Minh City eyes $380mln of loans for waterway expansion
Ho Chi Minh City has asked for the central government’s help in taking out loans worth around US$380 million for a major dredging program to deepen one of its key waterways, local media reported on 9 November.
The Soai Rap, a tributary of the Saigon River, will be able to handle ships of more than 50,000 DWT, when the expansion project is finished, the municipal authority was quoted as saying in its recent letter to the Ministry of Planning and Investment.
