HCMC – The Ministry of Transport has proposed adding VND1,400 billion to the My An-Cao Lanh Expressway project in the Mekong Delta province of Dong Thap, bringing the total cost of the project to VND6,209 billion.
The additional capital will be used to cover the growing expenses of construction and ground clearance, which add up to VND788 billion and VND353 billion, respectively.
Some VND4,462 billion of the investment will be provided by the South Korean government’s Economic Development Co-operation Fund, whereas the rest will come from the Vietnam side.
The My An-Cao Lanh Expressway project connects Dong Thap’s districts of Thap Muoi and Cao Lanh with a total length of roughly 26 kilometers.
The four-lane expressway will allow a top speed of 80 kilometers per hour in the first phase.
The road will facilitate regional transportation, and connect key infrastructure projects in the region, including Ho Chi Minh Road, National Highway N2 and the North-South Expressway in western Vietnam.