VND15 trillion for urgent transport projects
A budget of VND15 trillion (US$645 million) will be spent on 14 urgent transport projects during the 2016-2020 period under the Standing Committee of 14th National Assembly’s Resolution No.566/NQ-UBTVQG14. Those projects play a significant role in promoting socio-economy and ensuring defense-security.
An amount of VND7 trillion (US$301 million) will be allocated for four railway projects, including the upgrade of weak bridges on Hanoi-Ho Chi Minh City route, construction of new stations on Vinh-Nha Trang route, upgrade of essential works on Hanoi-Vinh route, and upgrade of vital works on Nha Trang-Sai Gon route.
The remaining will be used for 10 road projects, comprising construction of a road connecting national highways 4C and 4D, national highway 3B, a road linking Hanoi-Hai Phong and Cau Gie-Ninh Binh expressways, and national highway 27.
Other projects include upgrade of national highway 24, national highway 25, national highway 53’s Tra Vinh-Long Toan section in Tra Vinh province, national highway 57’s Dinh Khao- Mo Cay section in Ben Tre and Vinh Long provinces, Quan Lo-Phung Hiep road, and national highway 30’s Cao Lanh-Hong Ngu section in Dong Thap province.
The NA Standing Committee assigned the Government to direct relevant ministries, sectors, and localities to urgently complete investment procedures, allocate capital, and carry out the projects in line with the Law on public investment, and related regulations.