01/03/2020, 14:00 GMT+7

MoT's proposal of over VND 447.2 trillion investment in transport infrastructure

Reatimes.vn The Ministry of Transport (MoT) is expected estimated total demand of over VND447.2 trillion (US$19.3 billion) for medium-term public infrastructure investment projects during 2021-2025.

The Ministry of Transport has proposed a total public investment capital worth over VND 447.2 trillion in the 2021-2025 period.

The ministry revealed the figures on February 29, saying that a list of medium-term public investment projects for the period has been completing, which is expected to be submitted to the Prime Minister for approval before July 31 this year.

Of this total VND447.2 trillion, nearly VND27.3 trillion is for debt repayment under the State budget obligations, while VND102 trillion is for the implementation of transitional projects and the remaining capital of over VND318,000 trillion is for 192 newly-built projects, including 47 projects of Group A and 145 others under Group B.

Among the Group A projects (those with a total investment from over VND2.3 trillion), there are 11 sub-projects under the North-South Expressway project, with an estimated total length of nearly 750 km with the total investment of about VND105 trillion.

In addition, other infrastructure projects are also listed in the projected investment proposal during this period, such as the railway line improvement in Hai Van Pass area, Hanoi - Hai Phong railway route as well as Noi Bai Airport’s runway upgradation.

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