VND3,500 billion needed for Cau Gie-Ninh Binh highway

The Ministry of Finance has sponsored the issuance of bonds worth VND2,400 billion and needs to guarantee another VND5,774 billion.

According to the Ministry of Transport, 84 percent of the Cau Gie-Ninh Binh highway project has been completed. However, the project needs VND3,500 billion more to finish construction work and handle stimulus package loans.

The 56 km-long project started in early 2006 at an initial total cost of VND5,422 billion sourced from the issuance of bonds under the Government guaranty.

Due to price fluctuations and other arising problems, the total level of investment in the project has been raised to VND8,974 billion. – VOV

Tags: Cau Gie-Ninh Binh highway

Posted by VBN on Aug 15 2011. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry