Over 30 major transport projects targeted to complete this year

News - The Transport Ministry is targeting the completion of more than 30 major projects this year to make a milestone in transport infrastructure development. Last year, hundreds of projects were delayed due to the Government's public investment cutting policy.

The projects includes a road network to Phong Nha- Ke Bang Culture Heritage and Khe Gat Airport in central Quang Binh Province, Ngoc Thap Bridge in northern Phu Tho Province, Dam Cung Bridge in southern Ca Mau Province, Ha Long-Cai Lan Railway, An Thoi Port in southern Kien Giang Province and Da Nang Airport Terminal.

To achieve the goals, over VND 42 trillion (US$2 billion) is schemed for project disbursement this year.

Of the funding, nearly VND7.5 trillion (US$357 million) is from State budget, VND15 trillion ($715 million) from Government bond and about 19.5 trillion ($928.5 million) from other sources.

Moreover, the ministry will focus on directing investors to speed up projects partly disbursed already and co-operating with localities to boost land clearance facilitating construction.

The ministry will also tighten inspections and punish violations related to the quality and progress of the projects.

Deputy Minister Truong Tan Vien said that last year, many key projects were not finished due to a funding shortage following Resolution 11/NQ-CP on stabilising macroeconomy and curbing inflation.

The infrastructure projects of last year could meet about 55 per cent of demand.