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Over 222 million USD set to be disbursed for North-South expressway project in June

More than 5.22 trillion VND (over 222.6 million USD) are set to be disbursed for component projects of the North-South expressway project in June, including more than 1.6 trillion VND in the first stage and the remainder in the second stage, reported the Transport Ministry’s Department of Planning and Investment.
Over 222 million USD set to be disbursed for North-South expressway project in June ảnh 1Illustrative image (Photo: vneconomy.vn)

Hanoi (VNA) – More than 5.22 trillion VND (over 222.6 million USD) are set to be disbursedfor component projects of the North-South expressway project in June, including morethan 1.6 trillion VND in the first stage and the remainder in the second stage,reported the Transport Ministry’s Department of Planning and Investment.

Since the beginning of 2023, the ministry disbursed around 28.6 trillionVND, or 30% of the yearly plan, higher than the country’s average of 15.65%.

This year, the Prime Minister assigned the Ministry of Transport to disburse a total amount of over 94.16 trillion VND in public investment, which is the biggest sum allocated to the ministry so far.

Over 222 million USD set to be disbursed for North-South expressway project in June ảnh 2Nghi Son - Dien Chau section of the North-South expressway project. (Photo: VNA)

According to the ministry’s leaders andeconomists, it is a challenge for the ministry to fully disburse the sum, hence it requiresbreakthrough ways and solutions, especially amid potentialrisks related to the deployment of projects.

Inaddition to the volatile increase in raw material prices that can lead to ashortage of supply when the ministry is embarking on numerous large-scaleprojects in several areas, experts also believed that ground clearance remains acomplex task that could affect the progress of the projects./. 

VNA
#North-South expressway #Vietnamplus #Vietnam News Agency #Ministry of Transport #ground clearance #component projects Vietnam
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