Investors sign contract of Trung Luong - My Thuan Expressway

The People's Committee of Tien Giang province, BOT Trung Luong - My Thuan Joint Stock Company and the joint venture of investors yesterday signed an additional appendix for the construction contract of the first phase of Trung Luong - My Thuan expressway project under build-operate-transfer model. 

Trung Luong - My Thuan Expressway Project

Trung Luong - My Thuan Expressway Project

The People's Committee of Tien Giang province was recognized as the competent state agency to adopt this project, which was transferred from the Ministry of Transport.

The assignation aims to specifically determine the responsibilities of each party to implement the project that had been delayed for ten years.

Additionally, the adjustment of the project’s articles that are no longer appropriate to the regulations aims to remove existing problems as well as promote the implementation of the project’s schedule under the direction of the Standing Government.

Through the signing ceremony, the parties pledged to continue collaboration in resolving obstacles to ensure the project’s schedule and urgently compete procedures of the project adjustment in the forthcoming time. 

According to Vice Chairman of the People’s Committee of Tien Giang province Pham Anh Tuan, the signing is the basis for project adaptation in the coming time. 

Every week, the provincial People's Committee is expected to hold a meeting to resume the project progress and promptly remove obstacles towards total investment adjustment according to regulations.

At present, the province has handed over more than 98 percent of premises.  However, financial resources and technical solutions are considered as two biggest obstacles to quickly solve.

Additionally, the province has not been yet handed over the actual construction volume because enterprises has not completed documents of design on the volume of construction. 

Besides, the province proposed the Central to re-pay more than VND 2,000 billion (US$ 85.4 million) for the project implementation. 

In the coming time, the province will advance the budget for site clearance in case of the central has not disposed enough capital. 

Trung Luong - My Thuan Expressway Project has a total length of 51.1 kilometers connecting Than Cuu Nghia intersection (a part of HCMC- Trung Luong expressway) and National Highway 30 at An Thai Trung intersection in Cai Be district, Tien Giang province.

The expressway is considered as one of major routes and plays an important role in connecting the Mekong Delta region with Ho Chi Minh City and the southern key economic region.

BY QUOC HUNG- Translated by Huyen Huong

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