VND 37 trillion to be disbursed by transport sector in 2010

The transport sector will continue to promote its investment in capital construction in an effort to disburse around VND 37 trillion this year, including VND 5 trillion from the State budget, VND 4 trillion as advance money for the 2010 plan, VND 12.3 trillion in the Government bond capital, sources of non-budget capital and around VND 15 trillion in capital for BOT projects.

The target was set at the Ministry of Transport’s conference on reviewing the work done in 2009 and on its vision of deploying its 2010 plan.

Accordingly, some big projects the construction of which is expected to commence in 2010 includes the expansion of the Phu Ly – Vinh section of Highway 1A, the construction of a road linking the Nhat Tan bridge with the Noi Bai International Airport, the Hanoi’s Ring Road No.3 in its second phase, the Noi Bai – Lao Cai expressway, the Ben Thuy 2 bridge and the deployment of construction projects of Ho Chi Minh Road in its second phase.

In 2009, the transport sector disbursed VND 35 trillion, the highest so far. The investment in capital construction is defined by the Ministry of Transport as one of the pivotal tasks to implement the Government’s investment stimulus policy with the aim of quickly developing transport infrastructure.

VietNamNet/VNA, ND

Tags: Vietnam transportation

Posted by VBN on Jan 13 2010. Filed under HEADLINES, Infrastructure, Transportation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry