February 20, 2023 | 06:30

Binh Phuoc seeks $246mln from central budget for expressway

Xuân Thái

Total capital needed for expressway project is estimated at $1.08 billion.

Binh Phuoc seeks $246mln from central budget for expressway

Authorities in southern Binh Phuoc province have proposed the government provide financial aid of VND5.8 trillion ($245.7 million) to build the Gia Nghia - Chon Thanh Expressway.

Total investment for the project is estimated at over VND25.5 trillion ($1.08 billion), including more than VND15 trillion ($635 million) for construction and around VND4.6 trillion ($195 million) for site clearance.

Some VND9.8 trillion ($415 million) will indeed be earmarked from the State budget. However, the province is able to contribute just VND4 trillion ($169 million), so local authorities have proposed the government provide support of VND5.8 trillion ($245.7 million).

The Gia Nghia - Chon Thanh Expressway is part of the west North - South Expressway project, which was approved by the Prime Minister as part of the Vietnam Road Network Development Plan for 2021-2030 and vision towards 2050.

It is designed to have a total length of nearly 130 km, passing through Binh Phuoc for 92 km and the central highlands’ Dak Nong province for 38 km.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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