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Lack the capital to clear Ben Luc-Long Thanh expressway

Ben Luc-Long Thanh expressway

Vietnam Expressway Investment and Development Company (VEC) has proposed to allow VEC to use VEC’s project fee to advance the Ben Luc-Long Thanh Expressway.

To ensure that the project is completed on schedule, VEC has directed the contractors to adjust the schedule of execution, urgently completing the project to complete the project; At the same time, they work with the localities where the projects go through to remove difficulties and obstacles related to site clearance.

Ben Luc-Long Thanh expressway
Lack the capital to clear Ben Luc-Long Thanh expressway

According to a report by the Project Management Board of the Southern Highways, the remaining capital requirement for site clearance of the Ben Luc-Long Thanh expressway project is about VND 504 billion, while the budget The state has allocated VND383 billion according to the capital plan in 2018, which was paid out by localities.

“Thus, there is a shortage of about VND121 billion and VEC agreed to use the funds from the source of funds for the projects of mining companies temporarily idle to advance capital for clearance work is still shortage “- VEC leaders said.

Facing the urgent need for funding for site clearance, the VEC requested the Ministry of Transport to submit to the competent authorities allowing the unit to use the tolls of the currently under-operating VEC projects for idle to advance. for the clearance part.

Ben Luc-Long Thanh expressway project was kicked off in July 2014 by VEC as an investor. Once completed, the expressway project will shorten the transit time from Long An to Dong Nai, Ba Ria-Vung Tau and vice versa. In addition, when exploiting this highway will reduce the number of vehicles in transit through Ho Chi Minh City, reducing congestion for the gateway of Ho Chi Minh City.

Ben Luc – Long Thanh Expressway has a total length of 57.7 km, including 5.5 km in Long An Province, 25 km in HCM City and 27 km in Dong Nai Province. The project was designed by the standard highway type A with four lanes, two emergency stop lane, designed speed of 100 km / hour.

The total investment of the project is VND31.32 trillion from Asian Development Bank (ADB) loans, Japanese Government Loans through the Japan International Cooperation Agency (JICA) and the counterpart fund of the Vietnamese Government. As planned, the project will be completed by 2020.

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Lack the capital to clear Ben Luc-Long Thanh expressway
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