This project has a total investment of VND 849.275 billion (EUR 31.93 million). Of this, ODA capital (AFD loan) amounts to VND 510.009 billion (EUR 19.17 million), used for pre-tax construction costs and pre-tax contingency costs (contingency for unforeseen volume changes and contingency for inflation). Of this amount, the central government provides 70%, or VND 357.006 billion (EUR 13.42 million); Ca Mau province borrows the remaining 30%, or VND 153.003 billion (EUR 5.75 million).
Regarding the non-refundable grant (secured by AFD through EU channels) of VND 100 billion (EUR 3.76 million), it will be used for all activities serving the non-construction component (excluding taxes, fees, and other expenses not permitted to be covered by the grant). In addition, the counterpart funding of VND 239.266 billion (EUR 8.99 million) will be allocated by Ca Mau province from its budget, used for project management costs, land clearance costs, construction insurance, investment and construction consulting fees; other costs, VAT, fees... and other expenses not permitted to be covered by ODA and non-refundable grant funds as stipulated by the Government .
Along the Song Doc - Cai Doi Vam route, there is currently only an earthen dike formed after the 1997 storm, which is now degraded and does not guarantee the safety of people and production during extreme weather events.
Regarding the scale of investment, the construction of a coastal erosion control embankment (section from Song Doc estuary to Bay Hap estuary in Tran Van Thoi and Phu Tan districts) will cost approximately 326 billion VND; the total length of the embankment is 11 km; the design elevation of the embankment crest is +2.0 m; and the width of the embankment surface is 2.6 m. The construction of the Western sea dike (section from Cai Doi Vam to Kinh Nam, Phu Tan district) will cost approximately 523 billion VND; the total length of the dike is 19 km; the design elevation of the dike crest is +3.0 m; the width of the dike surface is 7.5 m; and the width of the road surface is 3.5 m...
Thus, upon completion, this project will create a continuous coastal transportation axis along the sea dike from Tieu Dua (U Minh) to Nguyen Viet Khai commune (Phu Tan district), contributing to the development of the marine economy, especially in coastal urban areas, and realizing the policy of moving towards the sea and enriching oneself from the sea.
It is understood that the land acquisition plan is expected to be finalized and submitted to the competent authority for appraisal and approval in April 2025; compensation payments to residents will be made in May 2025, and the land will be handed over to the investor for construction.
Tran Nguyen
Source: https://baocamau.vn/tien-toi-khep-kin-de-ke-bo-bien-tay-a37876.html









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