The Ministry of Transport has freshly approved a project for developing waterway corridors and logistics in the southern region, which is worth nearly 3.9 trillion VND (163.34 million USD) funded by the World Bank (WB).
Super container ship M/V OOCL SPAIN docks at Gemalink port, Cai Mep - Thi Vai port cluster, Ba Ria-Vung Tau province). (Photo: VNA)
Hanoi (VNA) - The Ministry of Transport hasfreshly approved a project for developing waterway corridors and logistics inthe southern region, which is worth nearly 3.9 trillion VND (163.34 millionUSD) funded by the World Bank (WB).
Duong Thanh Hung, head of the Waterway Project ManagementBoard, told the Vietnam News Agency that it is an important and urgent project,aiming to improve the infrastructure system and reduce congestion, accidents,and the cost of transporting goods by waterway through renovating and upgradingthe East-West transport corridor connecting the Mekong Delta region, andimproving the North-South transport corridor connecting the southeast regionwith the Cai Mep Thi Vai port cluster.
Of its total investment, the WB loan capital is 106.96million USD and non-refundable aid capital from the Australian Government, 0.58million USD.
The implementation period is five years after the FundingAgreement takes effect, which is expected from 2023 to 2027.
The project will dredge and improve waterways to remove blockages on theEast-West corridor through various rivers including Hau, Tra On, and Mang Thitand many canals Can Tho city and Ho Chi Minh City. In addition, it will tackle congestionon the North-South corridor through the rivers of Dong Nai, Nha Be, Long Tau,and others.
Vehicles on Xa No canal - section passing Vi Thanh city, Hau Giang province. (Photo: VNA)
Once the project is completed, the East-West and North-Southtransport corridors in the southern region will ensure traffic capacity forlarge ships and container ships for transporting goods. It will contribute toincreasing water transport capacity and connecting with deep-water portsinland.
Hung said the ministry has required the board - also theproject investor - to receive appraisal opinions and comments from relevantagencies and units to complete project documents according to regulations.
The board is also asked to urgently coordinate with donorsand relevant agencies to prepare and implement negotiation procedures and signloan agreements for the project as a basis for investment implementation, aswell as to closely cooperate with localities in compensation, resettlement, andfinancial support ensuring project progress./.
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Super container ship M/V OOCL SPAIN docks at Gemalink port, Cai Mep - Thi Vai port cluster, Ba Ria-Vung Tau province). (Photo: VNA) 
Vehicles on Xa No canal - section passing Vi Thanh city, Hau Giang province. (Photo: VNA) 
