According to the Ministry of Transport many ODA traffic projects are running behind schedule due to delays in site clearance.
|Tan Son Nhat – Binh Loi project under construction in HCMC (Photo: SGGP)|
Amongst the pending big projects are the Nhat Tan Bridge, the Nhat Tan – Noi Bai Road, the second phase of Hanoi Belt Road No.3, broadening of the Cai Mep – Thi Vai Port and the upgrading of 44 railway bridges on the HCMC - Hanoi route.
According to the ministry, the ODA capital for traffic projects in 2011 is stable. Within the first three months of the year, Japan has funded six projects, four of which are related to the transport industry, with JPY120 billion (US$1.5 billion).
Because of delays in some basic construction projects, the ministry has instructed investors and contractors to take advantage of the ODA source.
During the first quarter of the year, authorities are hastening the release of capital for projects to build the Hanoi – Thai Nguyen Highway, the Phu Dong and Vinh Thinh Bridge and upgrade the general road system.