Latest News about transport projects
82 build-transfer (BT) projects in Hanoi developed by real estate developers have been ordered to halt.
In a move to boost public investment disbursement in 2021, key transport projects for the country have been kicked off, hoping to create new motivations towards Vietnam’s socioeconomic development.
Three major transport projects will be put into operation from January 10-12, according to the Ministry of Transport.
Ho Chi Minh City People’s Council has cancelled 61 projects which have failed to be implemented on schedule, with developers showing their incapability to move things forward.
The consultancy cost for the second metro line project in HCMC has been revised up by 12.6 million euros (US$14.7 million) as the project has been delayed for years.
During the last quarter of 2020, the HCM City Department of Transport sought for the municipal government’s approval of five elevated road projects to be started in 2021.
Construction of several national key projects, including the North-South Expressway and Long Thanh International Airports, have started.
HCM City plans to complete a number of major transport projects by 2025 that are expected to reduce traffic congestion at city gateways and improve connections to neighbouring provinces.
Contractors and workers expect to complete construction of several major transport projects in the Cuu Long (Mekong) Delta before Tet (Lunar New Year Festival), which falls on February 12 next year.
HCM City has proposed the Ministry of Planning and Investment the construction of a metro project which has a total investment of VND68 trillion ($2.95 billion).
Deputy Prime Minister Trinh Dinh Dung has urged the transport ministry to make a final decision on the fate of a multi-million dollar railway project that was abandoned 15 years ago.
2020 will be an important year for Ho Chi Minh City with a number of strategic transport projects scheduled for completion.
The Mekong Delta is expected to introduce two more major expressways, whose total investment exceeds VND67.4 trillion, in the years to come to bolster the region’s socioeconomic growth, according to the Ministry of Transport.
The transport sector will strive to complete 10 road projects and commence four railway upgrade projects in 2020 which have been approved by the National Assembly Standing Committee (NAST).
The Ministry of Transport disbursed VND9.4 trillion for transport projects during the year to October, equivalent to 35.7% of the full-year target, while the remaining VND16.9 trillion has yet to be disbursed.