Quang Nam considers adjusting investment in the "Central Region Linkage" project

The Department of Planning and Investment was also assigned to draft a document advising the Party Committee of the Provincial People's Committee to submit to the Standing Committee of the Provincial Party Committee, the Standing Committee of the Provincial Party Committee and a document advising the Provincial People's Committee to submit to the Standing Committee of the Provincial People's Council for consideration and consensus on adjusting the investment policy of this project.

After receiving consensus from the Standing Committee of the Provincial Party Committee and the Standing Committee of the People's Council, the Department of Planning and Investment continues to advise on related contents to report to the Provincial People's Committee to submit to the Provincial People's Council at the nearest meeting for consideration and decision.

The "Central Region Linkage" project has a total investment of more than 768 billion VND, building about 31.5km of roads and works passing through 4 districts of Thang Binh, Phu Ninh, Tien Phuoc and Bac Tra My. Photo: TD

The "Central Region Linkage" project is one of the key projects of Quang Nam , with a total investment of more than 768 billion VND (equivalent to 34.514 million USD), building about 31.5km of roads and works passing through 4 districts of Thang Binh, Phu Ninh, Tien Phuoc and Bac Tra My. Of which, ODA capital from the Korean Government is 25.474 million USD and counterpart capital is 9.04 million USD. Compensation, site clearance and resettlement costs are 125.5 billion VND.

The project started on July 19, 2023 and is expected to be completed before December 5, 2025. However, the project was established and approved in 2017, so the total investment and project implementation progress are no longer suitable, compensation and site clearance costs have increased, causing difficulties in balancing the project's capital sources. The Provincial People's Committee has agreed in principle for the investor (Transportation Construction Investment Project Management Board) to carry out the documents, procedures, and reports to the competent authority for consideration and adjustment of the investment policy (extending the implementation period and increasing the total investment).

Source: https://baoquangnam.vn/quang-nam-xem-xet-dieu-chinh-dau-tu-du-an-lien-ket-vung-mien-trung-3134247.html