09:48 | 04/01/2016 Investment
(VEN) - Around VND60 trillion has been invested into the Mekong Delta’s transport infrastructure during the 2010-2015 period, bringing socioeconomic development opportunities for the region. The Ministry of Transport has developed a public investment plan in infrastructure for the 2016-2020 period, contributing to the area’s efforts to become an industrialized region by 2020.
The My Loi Bridge connecting Tien Giang and Long An provinces was completed in August 2015
Deputy Prime Minister Vu Van Ninh when addressing a conference to review Mekong Delta’s transport infrastructure development and investment during the 2010-2015 period with a vision to 2020 said that resources dedicated to Mekong Delta’s infrastructure development in the last five years increased by 2.7 times compared to the previous period.
According to Deputy Minister of Transport Nguyen Nhat, the Ministry of Transport and 13 Mekong Delta provinces invested in building and upgrading around 44,084km of rural roads, constructing and consolidating 19,877 bridges costing around an estimated VND24.379 trillion.
Some important projects implemented during the 2010-2015 period consisted of the Can Tho, Ham Luong, Co Chien, Nam Can, Rach Mieu and My Loi bridges, Ho Chi Minh City-Trung Luong Highway, Quan Lo-Phung Hiep and Nam Song Hau roads.
The Ministry of Transport is deploying 24 projects in the Mekong Delta, including six projects using the state budget, six projects using government bonds, five projects using official development assistance (ODA) capital and seven build, operate and transfer projects.
Rapid development of transport infrastructure has created favorable conditions for transport in the region. Transport projects have also helped shorten journey times. In addition, the completion of Can Tho and Phu Quoc international airports has offered development opportunities for Mekong Delta provinces.
To ensure rapid development in the coming time, Deputy Prime Minister Vu Van Ninh said that the Ministry of Transport and Mekong Delta provinces need to further enhance cooperation to promote investment in regional transport infrastructure and prioritize investment in some key railway projects as they would provide a breakthrough.
The Mekong Delta has advantages in terms of agricultural produce and fruit. Therefore, transport demand in the region remains huge. Developing waterway transport infrastructure to improve competitiveness and reduce costs is also necessary.
The Ministry of Transport said that in addition to the completion of unfinished projects, the Mekong Delta will raise around VND86.319 trillion to implement new projects with a focus on roads. Minister of Transport Dinh La Thang said that the ministry has developed the public investment plan in infrastructure during the 2016-2020 period in order to call for ODA capital and attract more financial resources from domestic economic organizations. The region will make greater efforts to become an industrial area by 2020.