Vung Tau city in Ba Ria-Vung Tau province (Photo courtesy of the provincial People’s Committee) HCM City (VNA) - The southern coastal province of Ba Ria - Vung Tau has asked the Government to allocate capital from the central budget to speed up progress of national key projects in the province over the next five years. Of the 16 major public-invested projects , three of the most important projects are the Bien Hoa – Vung Tau expressway , Phuoc An Bridge and 991B Road, according to the provincial People’s Committee. Nguyen Van Tho, Chairman of the provincial People’s Committee, said the three national key projects would connect the southern key economic region with the Cai Mep – Thi Vai deep water port, a key port in the region. “The port system can receive large container vessels of up to 200,000 deadweight tonnage (DWT) and is capable of international goods transport, which allows direct export to the EU and the US without transshipment, reducing logistics costs and improving the competitiveness of Vietnamese goods,” he said. The expressway, connecting Bien Hoa City in Dong Nai and Ba Ria City in Ba Ria - Vung Tau, is expected to be completed and opened to traffic by 2025. The province said it had asked the PM to approve the pre-feasibility study for the first phase of the project, which will be implemented under the build-operate-transfer (BOT) investment model. To build the expressway, around 34.2km of the road will be built in Dong Nai and 19.5km in Ba Ria-Vung Tau. The project requires an estimated investment of 23.07 trillion VND (995.5 million USD), according to the provincial People’s Committee. The province proposed that 9.95 trillion VND should be sourced from the State budget to fund site clearance and construction of the section in the province, and that 13.125 trillion VND should come from the private sector. The developer of the project will mobilise the remainder from its own budget and bank loans. To recover …
[Read more...] about Ba Ria-Vung Tau to speed up key national projects