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Wednesday, June 19, 2024

VND174.5 trillion needed for expy interchanges, connecting roads

By Nguyen Tan

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HCMC – The Ministry of Transport has written to the Government proposing investing VND174.5 trillion in interchanges and connecting roads to optimize the efficiency of the national expressway network.

Currently, there are 134 proposals from various localities for investment in expressway connection projects, said Phap Luat news site.

Of these proposals, 53 are related to interchanges, requiring over VND33 trillion in funding, while 81 pertain to connecting roads, with VND141.5 trillion needed.

Nine interchange projects have already received funding allocations, leaving the remainder awaiting investment capital totaling more than VND28.3 trillion.

Additionally, 10 connecting road projects have secured funding or are under construction, but 71 projects require around VND124.96 trillion.

Given the financial constraints, the Ministry of Transport acknowledged that allocating over VND174.5 trillion from the State budget to complete these interchanges and connecting roads is not feasible.

As a solution, it suggests allocating around VND4.5 trillion from annual central budget revenue and the contingency fund of the midterm public investment plan for 2021-2025 to prioritize critical interchanges and connecting roads.

For interchanges and connecting routes on expressways managed and operated by the Vietnam Expressway Corporation (VEC), the Commission for the Management of State Capital at Enterprises has told VEC to explore and arrange funding of over VND7 trillion.

This funding will prioritize investment in seven interchanges and one connecting road on expressways such as Cau Gie-Ninh Binh, Danang-Quang Ngai, and HCMC-Long Thanh-Dau Giay.

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