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Tuesday, June 25, 2024

Ministry of Transport approves VND3.9 trillion for two Ho Chi Minh road sections

The Saigon Times

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HCMC—The Ministry of Transport has given the green light to a VND3.9 trillion investment in two sections of the cross-country Ho Chi Minh Road.

These segments, Rach Soi-Ben Nhat and Go Quao-Vinh Thuan, will together cover a distance of 52 kilometers.

The Rach Soi-Ben Nhat stretch, spanning 11 kilometers, will connect Chau Thanh District and Giong Rieng District in the southern province of Kien Giang.

On the other hand, the Go Quao-Vinh Thuan section, extending nearly 41 kilometers, will link Go Quao District and Vinh Phong Commune in Vinh Thuan District, also within Kien Giang Province.

Funding for the project will be entirely sourced from the state budget, with allocations of VND538 billion for resettlement, VND2.8 trillion for construction, VND24 billion for project management, VND131 billion for consultancy, and a contingency fund of VND299 billion.

Construction is expected to be completed between 2022 and 2025, with over VND3.1 trillion slated for expenditure from 2021 to 2025, and the remaining VND780 billion allocated for 2026-2030.

The primary objective of the project is to enhance transportation infrastructure, thereby contributing to the socio-economic development of Kien Giang and Bac Lieu provinces. Additionally, it aims to boost capacity and reduce traffic accidents in the region.

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