Gov't to Pour VND422 Trillion in Transport Projects in 2024

11:00:58 AM | 2/18/2024

The Government targets to put aside around VND422 trillion (US$17.2 billion) to accelerate the progress of key transport projects in 2024, said Prime Minister Pham Minh Chinh.

Prime Minister Pham Minh Chinh at the 9th session of the Steering Committee for Key National Transport Projects, Ha Noi, February 16, 2024 - Photo: VGP/Nhat Bac

The above figure accounts for more than 64 percent of the total volume of public investment capital planned for this year.

Transport development projects would help reduce logistics costs for businesses, increase competitiveness of products and the whole economy, and expand national development space, stressed the Prime Minister.

Viet Nam now counts 34 major transport projects and 86 component ones being implemented in 46 cities and provinces across the nation. Those include five railway projects, two airport projects, highways, and ring roads in Ha Noi and Ho Chi Minh City.

The country has completed construction of nine out of 11 component projects of the 723.7km Eastern North-South Expressway.

Source: VGP