Illustrative image (Photo: VNA) Hanoi (VNS/VNA) – A project for developing waterwaycorridors and logistics in the southern region funded by the World Bank (WB)has just been approved by the Ministry of Transport.
It aims to improve the infrastructure system and reducecongestion, accidents, and the cost of transporting goods by waterway throughrenovating and upgrading the East-West transport corridor connecting the MekongDelta region, and improving the North-South transport corridor connecting the Southeastregion with the Cai Mep Thi Vai port cluster.
The project will dredge and improve waterways to remove blockageson the East-West corridor through various rivers including Hau, Tra On, and MangThit and many canals Can Tho city and Ho Chi Minh City.
In addition, the project addresses congestion on the North-Southcorridor through the rivers of Dong Nai, Nha Be, Long Tau, and others.
Once the project is completed, the East-West and North-Southtransport corridors in the southern region will ensure traffic capacity forlarge ships and container ships for transporting goods.
The project has a total investment worth nearly 3.9 trillion VND (163.34million USD), of which the WB loan capital is 106.96 million USD and non-refundableaid capital from the Australian Government 580,000 USD.
The implementation period is five years after the FundingAgreement takes effect, which is expected from 2023 to 2027.
The Ministry of Transport required the Waterway Project ManagementBoard - the project investor - to receive appraisal opinions and comments fromrelevant agencies and units to complete project documents according toregulations.
The board is also asked to urgently coordinate with donors andrelevant agencies to prepare and implement negotiation procedures and sign loanagreements for the project as a basis for investment implementation, as well asto closely cooperate with localities in compensation, resettlement, andfinancial support ensuring project progress.
The project will contribute to increasing water transport capacityand connecting with deep-water ports inland./.
