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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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28.9 C
Ho Chi Minh City
Thursday, April 3, 2025

Deadline extended for Ben Luc-Long Thanh Expressway

The Saigon Times

Must read

HCMC – The construction deadline for the half-done Ben Luc-Long Thanh Expressway in southern Vietnam has been extended to September 30, 2025, according to the Vietnam News Agency.

The initial deadline for the expressway was 2023, but financing problems have led to a suspension of the project.

In light of this, the Government has decided to extend the deadline and revise the total cost of the project down by VND1.24 trillion to around VND30.07 trillion.

Funding for the project comes from various sources, including a loan of VND8 trillion from the Asian Development Bank (ADB), VND10.5 trillion from the Japan International Cooperation Agency (JICA), reciprocal capital of VND3.8 trillion, and VND7.5 trillion self-arranged by the Vietnam Expressway Corporation (VEC).

The Ministry of Transport has been instructed to work with relevant agencies to facilitate necessary procedures for capital allocation and contract adjustments to ensure the completion of the project within the extended deadline.

HCMC and Dong Nai Province have also been urged to expedite land clearance and hand over cleared land to contractors in the third quarter of this year.

The Ben Luc-Long Thanh Expressway is nearly 58 kilometers long and connects HCMC with the neighboring provinces of Dong Nai and Long An.

Work on the project began in 2014 with an initial completion target of 2019. However, a shortage of capital led to the project’s suspension in 2019. The Government had previously extended the deadline to December 2023.

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