VND1.4 trillion disbursed for Trung Luong-My Thuan expressway

05-Dec-2019 Intellasia | The SaigonTimes | 6:02 AM Print This Post

Nearly VND2.2 trillion in State capital, pledged by the government for the Trung Luong-My Thuan expressway project, has been sent to the Mekong Delta Province of Tien Giang, with VND1.39 trillion disbursed on December 3.

A representative of BOT Trung Luong-My Thuan JSC, the developer of the project, told The Saigon Times on December 3 that the firm has received VND1.39 trillion for the execution of the expressway project.

On November 27, the Ministry of Finance had written to the Tien Giang government, asking it to add State budget estimates of the increase in central budget collections for 2018. The ministry suggested giving the province about VND2.2 trillion from the 2018 budget collection increase to finance the project.

Besides this, the ministry also proposed the province follow the prime minister’s directives on the use and management of State capital to ensure the efficiency of investments.

Mai Manh Hong, general director of BOT Trung Luong-My Thuan JSC, had earlier told the paper that prime minister Nguyen Xuan Phuc had approved funding for the cash-strapped Trung Luong-My Thuan expressway project during his working visit to the province on September 26.

Accordingly, the PM asked the Ministry of Planning and Investment, the Ministry of Finance and the government of Tien Giang to disburse the money as soon as possible.

The Trung Luong-My Thuan expressway project in the Mekong Delta region requires a total of VND12.7 trillion after the adjustment, including State capital of VND2.2 trillion, with the remainder coming from the investor’s equity and bank loans.

The four-lane expressway will be some 51 kilometers long, with 4.5 kilometers of access road, running through five outlying districts of Tien Giang Province. It will start at the intersection of Than Cuu Nghia T-Junction and HCM City-Trung Luong Expressway and end at the intersection with National Highway 30. trillion-disbursed-for-trung-luong-my-thuan-expressway.html


Category: Business, Vietnam

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