Investment adjustments to Bien Hoa - Vung Tau expressway project approved

The National Assembly on June 27 approved the adjustments to the investment policy for Phase 1 of the Bien Hoa - Vung Tau expressway project.

The total investment capital for Phase 1 of the project will be increased from over VND17.8 trillion ($688 million) to more than VND21.5 trillion (over $831 million) - an additional VND3.7 trillion (nearly $143 million) compared to the previously approved plan.

Primary factors led the increase include compensation, support, and resettlement expenses and construction costs, according to the proposal submitted to the National Assembly by the Ministry of Construction.

The Bien Hoa - Vung Tau Expressway connects the southern Province of Ba Ria-Vung Tau with neighboring Dong Nai province and has a total length of nearly 54 km.

As planned, the project will be complete in 2025 and put into operation in 2026.