Prime minister approves investment plan of My Thuan-Can Tho Expressway

June 17, 2020 | 10:27

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After the investment plan for the first phase of My Thuan-Can Tho Expressway has been approved by the prime minister, the construction of this important part of the north-south traffic network is expected to kick off in this year.

prime minister approves investment plan of my thuan can tho expressway

My Thuan-Can Tho Expressway will be part of the wider north-south expressway

The prime minister has accepted the investment planning of the first phase of My Thuan-Can Tho Expressway. He assigned the Ministry of Transport to be in charge of relevant statistics and the pre-feasibility report. Besides this, the province has to collect opinions from ministries and other relevant authorities.

The construction of this first segment will be implemented with a public investment capital amounting to a total sum of about VND4.82 trillion ($209.5 million), VND932 billion ($40.5 million) of which comes from the state budges in the period of 2016-2020 to implement the site clearance. The remaining VND3.89 trillion ($169 million) are expected to be disbursed between 2021 and 2025.

The 23-km-long expressway will run from My Thuan Bridge 2 in Tien Giang province to Can Tho city. However, the bridge is currently also under construction. The expressway is planned to have six lanes allowing speed limits of up to 100 kilometres per hour.

The project, which is a part of Ho Chi Minh City-Can Tho Expressway, leads along a very important route in the north-south traffic system, facilitating transport between Ho Chi Minh City and the Mekong Delta.

The construction of the expressway was first initiated under a public-private partnership model but was then switched to a fully public model last October. The investor of the project is Cuu Long Corporation for Investment, Development and Project Management of Transport Infrastructure (Cuu Long CIPM).

According to the latest information, Vinh Long province has stepped up its efforts to speed up site clearance, compensation, and resettlement for households affected by the construction of the expressway.

By Anh Minh

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