More capital needed to build Mỹ An-Cao Lãnh Expressway

MEKONG DELTA — Construction of the Mỹ An-Cao Lãnh Expressway project in the Cửu Long (Mekong) Delta province of Đồng Tháp needs extra investment of VNĐ 一. 五 trillion (US$ 六0. 四 million) for the first phase, according to the Ministry of Transport.

A ministry unit, Mỹ Thuận Project Management Board, has submitted a proposal for the additional capital to the ministry.

According to the proposal, the expressway project has a total length of  二 六. 五 六 kilometres.

Its starting point will connect with Road N 二 in Mỹ An in Tháp Mười District and end at An Bình Intersection in Cao Lãnh District in Đồng Tháp Province.

In the first phase, the expressway will have four lanes with a total investment of more than VNĐ 六. 三 trillion ($ 二 五 三. 五 million).

Earlier, the Prime Minister had approved the project’s total investment of VNĐ 四. 八 trillion ($ 一 九 三. 一 million).

The project will be executed using South Korean official development assistance (ODA) loans and reciprocal capital from the Government. It is scheduled to be completed in five years. — VNS