Work on a project on developing inland waterway and logistics corridors in southern Vietnam is scheduled to begin next year. (Photo: vneconomy.vn)Hanoi (VNA) – A project on developing inland waterway and logistics corridors in southern Vietnam is set to begin next year, according to the Ministry of Transport (MoT).
It is a key project and has been prioritised to use loans from foreign donors, the ministry said, adding that investment policy for the project was approved by Prime Minister in August.
The total investment capital for the project is estimated at 3.9 trillion VND (159.7 million USD), which is sourced from World Bank’s loans, Australian Government non-refundable aid, and reciprocal funding from Vietnam.
The project will renovate and upgrade the 197km East-West Corridor connecting a number of local major rivers – Hau, Tra On, Mang Thit, Co Chien, Cho Lach, Tien, Vam Co, Can Giuoc and Soai Rap – and canals – Ky Hon, Cho Gao, La and Nuoc Man.
The total investment capital for the project is estimated at 3.9 trillion VND (159.7 million USD), which is sourced from World Bank’s loans, Australian Government non-refundable aid, and reciprocal funding from Vietnam. (Photo: VNA)The corridor will allow self-propelled vessels of up to 600 tonnes and three-tier container ships to pass at any time of the day, while vessels of up to 1,500 tonnes can go through during hide tides.
The project will also repair and upgrade the 82km North-South Corridor through rivers – Dong Nai, Nha Be, Long Tau, Dong Tranh, Tac Cua, Go Gia and Thi Vai, which is expected to enable the free and safe movement of self-propelled vessels of up to 5,000 tonnes and four-tier container ships.
According to the ministry, once the project complete, it will contribute to reducing transportation costs and time while ensuring safety for vessels and enhancing competitiveness for waterway transport./.
