Authorities in Can Tho, a city in Vietnam’s Mekong Delta region, have announced the total investment of about VND8 trillion (US$341.1 million) in the restart of a street expansion project that is seven kilometers long.
The investment to expand the section of National Highway 91 that spans seven kilometers through the urban area of Can Tho includes VND1 trillion ($42.6 million) for construction and VND7 trillion ($298.5 million) for land compensation, Le Tien Dung, director of the Can Tho Department of Transport, said at a regular press briefing organized by the provincial People’s Committee on Friday.
Dung attributed the high compensation cost to the pricey tag of up to VND10 billion ($426,484) of each house along the road section, which is also known as Cach Mang Thang Tam Street.
The central government has sought the approval and budget for the project from the National Assembly, according to Dung.
Once the project is approved, the Can Tho authorities will be allocated over VND3 trillion ($128 million) this year and in 2024.
The aforementioned expansion plan is one of three projects that have been carried out on the section of National Highway 91 running through Can Tho, which is prone to high tides and rain water inundation.
Two have been completed and open to traffic since 2015 while the Cach Mang Thang Tam Street project has been halted following a government resolution issued in 2011.
The People’s Committee of Can Tho then handed over the project to the Ministry of Transport before taking it over again in 2020 and resuming its implementation.