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VietNamNews

Long An to invest in roads

Update: March, 02/2012 - 10:00

 

HCM City's workers and farmers build a road in Duc Hue District, Long An Province. The province plans to mobilise US$2.75 billion for development of a road and waterway system from now to 2020. — VNA/VNS Photo Thanh Vu
HA NOI — The southern province of Long An plans to mobilise VND57.8 trillion (US$2.75 billion) to build and improve its road and inner waterway systems between 2012-2020.

These projects will be funded by the provincial budge, State bonds, private capital investors, private capital investors, FDI and projects under the Build, Operate and Transfer, and Build and Transfer models.

According to the provincial people's committee, it is going to mobilise VND39.6 trillion ($1.885 billion) to build nearly 400km of roads and dredge 600km of waterways on the Thu Thua, Chanh, Tra Cu, Bac Dong and Chanh canals by 2015.

Between 2015-2020, more than VND18.2 trillion ($866 million ) is planned to be used to construct roads and bridges connecting towns and central areas.

Also under the plan, Long An Port and small wharves will also be built, improved and put into operation.

According to the province, favourable investment and land clearance policies will be formed to attract investors. — VNS

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