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Nearly 360 million USD allocated for North-South Expressway project’s phase 2

The Ministry of Transport has allocated nearly 8.6 trillion VND (359.3 million USD) for the second phase (2021-2025) of the North-South Expressway’s eastern section.
Nearly 360 million USD allocated for North-South Expressway project’s phase 2 ảnh 1A section of the North-South Expressway is under construction (Photo: VNA)
Hanoi (VNS/VNA) - The Ministry of Transport hasallocated nearly 8.6 trillion VND (359.3 million USD) for the second phase (2021-2025)of the North-South Expressway’s eastern section.

Specifically, investment in the North-South Expressway project - phase 2 totals120 trillion VND (5 billion USD), of which 47.2 trillion VND (1.97 billion USD)is taken from the State budget for the medium-term public investment plan ofthe 2021-2025 period and 72.5 trillion VND (3.04 billion USD) is from the Statebudget for infrastructure investment development under the National Assembly’sResolution on fiscal and monetary assistance for the socio-economic recoveryand development programme.

Up to now, the Government has allocated to the Ministry of Transport 47.2trillion VND (1.97 billion USD) for 2021-2025 medium-term public investmentcapital and it will be disbursed in 2023.

Currently, the ministry has allocated 257 billion VND (10.8 million USD) forinvestment preparation and more than 8.33 trillion VND (349 million USD) forsite clearance in 2022.

Localities are actively preparing by approving plans of compensation, support,resettlement and disbursement to meet the required progress.

Regarding site clearance, localities have carried out 95% of measurements inthe field, 87% of inventories of land assets and are actively buildingresettlement areas, compensation plans and site clearance projects in order tohand over 70% of the site area for construction and installation biddingpackages by November 20, 2022, and hand over all remaining areas in the secondquarter of 2023 at the request of the Government.

Backfill soil for the projects in the Mekong Delta region, which ensure qualityembankments, is mainly in the provinces of An Giang and Dong Thap, but thelimited reserves and exploitation capacity do not meet the needs of theproject.

Therefore, the Government assigned the Ministry of Natural Resources andEnvironment to study the use of sea sand for traffic works and co-ordinate withthe Ministry of Transport and localities in the region to review and evaluatethe overall sand supply resources in the region as well as increaseexploitation capacity of existing mines, open new ones, and consider exploitingsand in sand dunes to prioritise supply for the project.

The second phase of the expressway project consists of 12 component projectswith a total length of 723.7km, of which the Ha Tinh-Quang Tri section is260.9km, Quang Ngai-Nha Trang is 352.1km and Can Tho-Ca Mau is 110.9km./.
VNA
#North-South Expressway #public investment plan #HCM City #Vietnamplus #Vietnam news #Vietnam News Agency

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