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Japanese ODA loans sought for transport projects

Released at: 15:56, 18/08/2015

Japanese ODA loans sought for transport projects

MoT and MPI prepare list of projects requiring funding in 2015-2017.

by Son Ho

The Ministry of Transport has worked with the Ministry of Planning and Investment to compile a list of transport projects in which overseas development assistance (ODA) loans will be sought from the Japanese Government for the 2015-2017 fiscal period.

Loans this year are estimated at $812.68 million, to fund four projects: infrastructure at Lach Huyen Port in northern Hai Phong city, the Tan Vu - Lach Huyen Expressway in Hai Phong, the Da Nang - Quang Ngai Highway, and the central Intelligent Transportation System (ITS) for the northern highway network, in Bac Ninh province.

In 2016 loans are estimated at $650.97 million for six projects: additional funding for the Ben Luc - Long Thanh Highway connecting Ho Chi Minh City and Dong Nai province, construction of a bridge on the Hanoi - Ho Chi Minh City railway, road safety projects on southern national roads, stretches of the North - South Highway, a railway tunnel at Hai Van Pass between Da Nang and Hue, and the My Thuan II Bridge in the Mekong Delta's Tien Giang province.

Loans totaling $803.15 million are being sought for 2017, providing additional funding for the Gia Lam - Giap Bat and Giap Bat - Ngoc Hoi urban railway lines in Hanoi and the railway tunnel at Hai Van Pass. Four new projects seeking loans are the Trang Bom - Hoa Hung railway connecting Ho Chi Minh City and Dong Nai, the Nha Trang - Phan Thiet Highway (part of the North-South Highway, credit for the transport sector to improve the national road network, and the funding of a feasibility study and engineering design and bidding support during the investment phase of the Long Thanh International Airport in Dong Nai province.

 

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