Friday , June 21 2024

Over $222M set to be disbursed for north-south expressway project in June

More than VND5.22 trillion (US$222.6 million) are set to be disbursed for component projects of the North-South expressway in June.

The money includes more than VND1.6 trillion in the first stage and the remainder in the second stage, the Transport Ministry’s Department of Planning and Investment said.

Since the beginning of 2023, the ministry disbursed around VND28.6 trillion, or 30% of the yearly plan.

This year, the prime minister assigned the Ministry of Transport to disburse over VND4.16 trillion in public investment, which is the biggest sum allocated to the ministry so far.

According to the ministry’s leaders and economists, it is a challenge for the ministry to fully disburse the sum, hence it requires breakthrough ways and solutions, especially amid potential risks related to the deployment of projects.

In addition to the volatile increase in raw material prices that can lead to a shortage of supply when the ministry is embarking on numerous large-scale projects in several areas, experts also believed that ground clearance remains a complex task that could affect the progress of the projects.

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