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Officially approved the project to develop southern coastal corridors

The project to upgrade the coastal corridor and logistics in the southern region with a total investment of VND 3,900 billion has just been officially approved by the Ministry of Transport.

The Ministry of Transport signed a decision to develop southern coastal corridors

RSL Group – The project to upgrade and develop waterway and logistics corridors in the Southern region, funded by the World Bank (WB), has just been approved by the Ministry of Transport on November 3, 2023.

The project aims to improve the infrastructure system, reduce congestion and accidents, and reduce the cost of transporting goods by waterway through renovating and upgrading the east-west transport corridor connecting the delta region. Mekong River and improving the north-south transport corridor connecting the Southeast region with the Cai Mep – Thi Vai port cluster.

Officially approved the project to develop southern coastal corridors rslgroup 1
Officially approved the project to develop southern coastal corridors 3

The project has a total investment of 168,795 million USD, equivalent to more than 3,901,377 billion VND, using WB loans and funding from the Australian Government. Specifically, the capital structure is allocated as follows: WB’s expected loan capital is 107,273 million USD, equivalent to more than 2,479,417 billion VND; Non-refundable aid from the Australian Government is expected to be 0.582 million USD, about 13.451 billion VND; The Vietnamese Government’s counterpart capital is about 1,408.509 billion VND, equivalent to 60.94 million USD.

The project will be implemented for 5 years from the time the project is allocated capital by the competent authority, from 2023 to the end of 2027, and is an important and urgent project (group A project) of the field. Inland waterways are given priority for investment using loans from foreign sponsors.

Develop southern coastal corridors to remove inland waterway traffic bottlenecks

According to the plan, the project will dredge and improve waterways to remove blockages on the east-west corridor with a total length of 197 km through Hau River (Can Tho City), Tra On River, Mang Thit river, Co Chien river, Cho Lach canal, Tien river, Ky Hon canal, Cho Gao canal, La canal, Vam Co river, Nuoc Man canal, Can Giuoc river, Soai Rap river at the confluence of Soai Rap – Nha rivers Raft – Long Tau (HCMC).

The 197 km long east-west corridor will be renovated and upgraded to level II inland waterway technology for self-propelled ships up to 600T, 3-class container ships that normally circulate 24/7, and self-propelled ships up to 1,500 tons to take advantage of. High tide for circulation. The goal is to connect the Mekong Delta region to the largest rice granary in the country; The volume of goods from agricultural products such as rice, vegetables, and seafood needs to be transported inter-regionally to key seaports to serve domestic consumption and import-export needs.

Officially approved the project to develop southern coastal corridors rslgroup 2
Officially approved the project to develop southern coastal corridors 4

The north-south corridor (82 km long) will improve the channel for self-propelled ships of up to 5,000 tons and 4-class container ships to circulate smoothly and safely to promote the advantages of the Cai Mep – Thi Vai port cluster. in the logistics chain in the Southern region. The project’s goal is to resolve waterway transportation bottlenecks through Dong Nai rivers (at Dong Nai port), Nha Be river, Long Tau river, Dong Tranh river, Tac Cua river, Go Gia river, Thi Vai river (cluster Cai Mep – Thi Vai port), contributing to promoting economic development in the region in particular and the country in general.

Once completed, the east-west and north-south transport corridors in the southern region will ensure traffic capacity for large ships, container ships transporting goods…

The Ministry of Transport requires the Management Board of Waterway Projects, the investor, to be responsible for receiving appraisal opinions and comments from relevant agencies and units to direct consultants to receive them. , complete project documents according to regulations. At the same time, the Ministry also requires investors to urgently coordinate with sponsors and relevant agencies to prepare and implement negotiation procedures and sign loan agreements for the project as a basis for investment implementation. private.

The investor closely coordinates with localities in compensation, support and resettlement, ensuring project implementation progress.

Source: Chính thức phê duyệt dự án phát triển các hành lang ven biển phía Nam