National Highways 53 and 30 to be upgraded under the BOT mode with total investment of $106.6 million.
A breaking ground ceremony was held yesterday in the Mekong Delta province of Vinh Long for a project upgrading National Highway No. 53, on the Long Ho - Ba Si section, running through Vinh Long and Tra Vinh, which has total investment of over VND1.2 trillion ($55.8 million) and is to be conducted under the build-operate-transfer (BOT) mode.
The project is expected to be completed in May 2017 and the investor will impose a toll for 22 years starting from the day of opening. The total length of the upgrades is 44.9 km and will allow speeds of 60 - 80 km/h.
The Ministry of Transport (MoT) has assigned the Thang Long Project Management Unit to manage the project and cooperate with other investors, including the Traffic and Urban Infrastructure Construction Joint Stock Company, the Cuu Long Construction & House Trading Joint Stock Company, the Tung Truong Son Joint Stock Company, and the Ha An Development Joint Stock Company.
“The upgrades are an important project in promoting socio-economic in the Mekong Delta,” said Mr. Tran Van Ron, Secretary of the Vinh Long Provincial Party Committee and Chairman of its People’s Committee.
On the same day, in nearby Dong Thap province, MoT also held a breaking ground ceremony for upgrades to National Highway No. 20, with investment totaling more than VND1.1 billion ($51.6 million).
Deputy Minister of Transport Nguyen Van The spoke highly of the Project Management Unit No 7 at the ceremony, with other investors such as the T&T Corporation and the Phu My Infrastructure Joint Stock Company, together with local authorities, to complete preparations for the project’s implementation.
The upgrades will span 32.8 km, passing through Dong Thap as well as Tien Giang province, with speeds of 60 - 80 km/h. The project is also to be conducted under the BOT mode.
Deputy Chairman of the Dong Thap Provincial People’s Committee, Mr. Nguyen Thanh Hung, signed a commitment with MoT on site clearance, and the CEO of the Saigon-Hanoi Bank, Mr. Nguyen Van Le, committed to guarantee financing for the project until its completion.