Northern Delta Adds Fund for Transport Development
The Prime Minister recently approved the adjustment and supplementation of investment capital for Day - Ninh Co junction canal category of the World Bank-financed Northern Delta Transport Development Project.
Accordingly, an amount of US$110.8 million will be added to the project, with US$82.34 million in the WB’s International Development Association (IDA) loans and US$28.46 million in counterpart capital. And, the project will cost a total of US$320.88 million, including US$253.03 million in IDA loans and US$67.85 million in counterpart capital.
The additional funding will be used to dig a new canal connecting the Day River and the Ninh Co River and build a lock for sea-river cargo vessels weighing from 2,000 DWT (full load) to 3,000 DWT (offloading) to travel from the Ninh Co River to the Day River and vice versa. Day-Ninh Co Bridge crossing the canal will be also constructed to ensure the uninterrupted traffic flow of the Provincial Road 490C between the two banks of the canal.
The fund will also be used for rebuilding facilities to be removed for canal digging and those to create environmental landscape.
The additional loans will be implemented in two years since they are approved.
Q.C
Vietnamese
