The Ministry of Transport will kick off eight important traffic projects from late December 2021 to early January 2022. They are:
A 15.3km road connecting National Highway 91 and the bypass road of Long Xuyen city, passing through Can Tho city and An Giang province with a total investment of VND2,106 billion, provided as ODA by the Asian Development Bank (ADB).
A 147km road to link northern mountainous provinces of Lai Chau, Lao Cai, and Yen Bai with the Noi Bai – Lao Cai expressway. The total VND5,339 billion consists of loans provided from the ADB loan, Australian Government aid and Vietnamese Government reciprocal capital.
A project to upgrade Cho Gao canal (phase 2) in the southern province of Tien Giang. Cho Gao canal is more than 28km long, connecting the Tien and Vam Co rivers. This is the arterial waterway traffic route linking the Mekong Delta with Ho Chi Minh City. The project uses state budget money with a total investment of VND 1,335 billion.
A project to build a passage for large ships to enter the Hau River (phase 2), using budget capital worth VND2,226 billion.
A project to repair weak and small bridges and national highways (phase I) using capital provided by the Korea Economic Development Cooperation Fund (EDCF) and Vietnam’s reciprocal capital, totaling VND 1,498 billion.
A National Highway 1A bypass project, the section through Ca Mau city, Ca Mau province with a total length of 14.3km.
A project to connect the Ring Road 3 of Ca Mau City with the Southern Coastal Corridor Road with a total investment of VND 1,725 billion from the state budget.
A project to renovate and upgrade National Highway 1A from Nga Bay town in Hau Giang province to Chau Thanh district of Soc Trang province with a length of 18.6km, invested by the state budget, with a total investment of VND 1,681 billion.
A project to build bridges and repair local roads in 50 provinces with a total investment is VND9,203 billion, jointly invested by the Directorate for Roads of Vietnam and the related provinces.
Major transport projects require large capital sources, which the state budget cannot fully cover fully. Capital from other sources is needed.
The Government is soliciting billions of dollars in foreign investment in metro routes and other infrastructure projects in HCM City in the next five years.