Korean group proposes BOT road project in Can Tho city
YK Group of the Republic of Korea (RoK) suggested a transport project under the BOT form in the Mekong Delta city of Can Tho during a working session with municipal authorities on October 31.
The working session between YK Group and Can Tho's authorities on October 31 (Photo: VNA)
Can Tho (VNA) – YK Group of the Republic ofKorea (RoK) suggested a transport project under the build-operate-transfer(BOT) format in the Mekong Delta city of Can Tho during a working session withmunicipal authorities on October 31.
YK Chairman Jang Sang Kyu said his group isinterested in some projects in Can Tho, including the construction of a roadlinking National Highway 91 with Nam Song Hau road.
Proposing two plans for this project, he saidunder the BOT format, the construction could be funded with the RoK’s capitaland toll collection will last for 30 years. In the second plan, Can Tho will bethe investor and cover 20-30 percent of the total cost while the remainingcapital could be borrowed from the RoK Government.
According to the municipal Department ofTransport, the project will have total length of about 30km, including nineintersections and 25 bridges. Total cost for the construction is estimated at15.07 trillion VND (714 million USD), including 791 billion VND (38 millionUSD) for site clearance.
Chairman of the municipal People’s Committee VoThanh Thong said Can Tho is very interested in the YK-suggested project. It hasplanned to build this road for a long time but lacks funding.
The city wants this project to be carried outunder a BOT contract which is more feasible than the implementation funded by theState budget, he noted, suggesting YK Group carry out some cultural or tourismprojects to capitalise on this road.-VNA
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The working session between YK Group and Can Tho's authorities on October 31 (Photo: VNA) 
