Bac Giang: 771 mln USD raised for transport infrastructure development in five years
The northern province of Bac Giang has raised a total of over 17.8 trillion VND (771.54 million USD) in investment for local transport infrastructure development since 2016.
Bac Giang (VNA) – The northern province of BacGiang has raised a total of over 17.8 trillion VND (771.54 million USD) in investmentfor local transport infrastructure development since 2016.
The capital has been injected into a number of key projects,notably a section of Hanoi’s Belt Road No.4 crossing Bac Giang, worth 1.23 trillionVND; upgrade of Provincial Road 295 crossing Voi – Ben Tuan and Ngoc Chau –Thang township, 245 billion VND; and a 5-km road connecting Provincial Road 293and My An Port in Luc Nam, 115 billion VND.
Over the last five years, the province has developed 11transport projects under Public-Private Partnership (PPP) scheme, with a totalinvestment of more than 7.5 trillion VND. They include twoBuild-Operate-Transfer (BOT) projects managed by the Ministry of Transport andeight Build-Transfer (BT) by the province. A majority of the funding, 4.2 trillion VND, has been spent ondeveloping Bac Giang – Lang Son Expressway under a BOT contract.
In addition to private funding, Bac Giang has used OfficialDevelopment Assistance (ODA) loans for transport infrastructure projects. Thelargest among ODA-funded projects were 272-billion-VND Dong Bac Belt Road andTran Quang Khai Bridge project in Bac Giang city financed by the AsianDevelopment Bank (ADB) and the 135-billion-VND Local Bridge Construction andRoad Asset Management (LRAMP)’s local bridge component funded by the World Bank(WB).
The province has also spent over 2.18 trillion VND from itsbudget and close to 1.75 trillion VND from private funding to concrete morethan 4,210 km of roads, mostly rural roads.
Thanks to such efforts, Bac Giang is now home to about 153kmof expressways which are more than 8m in width, accounting for over 46.4percent of the total.
It has also concreted over 97.3 percent of district-level,98.1 percent of commune-level and 92.3 percent of village roads.
In the coming time, Bac Giang plans to attract private investorsin transport services, such as inland ports, parking, bus stations, and reststops. The province will also jointly develop inter-provincial roads with neighbouringlocalities and by 2025, cooperate with the Ministry of Transport and BOTinvestors to expand Xuong Giang and Nhu Nguyen bridges on the Hanoi – Bac GiangExpressway./.
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Illustrative photo. (Source: VNA)
