Ho Chi Minh City's 2,700 billion VND seaport infrastructure fee will be used to complete key projects at My Thuy, An Phu intersections and Ring Road 2, all in Thu Duc City.
The information was announced by Director of the Department of Transport Tran Quang Lam on June 20, after more than a year of collecting fees for using seaport infrastructure. Total revenue from the beginning of April last year to the end of May this year was about 2,700 billion VND, an average of 7-8 billion VND per day.
According to Mr. Lam, this amount after being paid into the budget will be allocated specifically for investment in transport infrastructure connecting seaports. Of which, three important projects in the area have plans to use capital contributed from this source of funding, including: My Thuy intersection (phase 2), An Phu, Ring Road 2 section from Phu Huu bridge to Hanoi highway.
Construction site of An Phu intersection project - one of the projects funded by seaport fee revenue. Photo: Quynh Tran
Of which, the Ring Road 2 section is the project with the largest budget of nearly 9,800 billion VND (of which site clearance alone is over 6,400 billion VND). This project is expected to be approved by the City People's Council in its investment policy at the meeting next July.
The An Phu intersection with a total investment of more than 3,400 billion VND is being implemented, expected to be completed in 2025, helping to reduce congestion and increase regional connectivity at the eastern gateway of the city. The My Thuy intersection project with a total investment of more than 3,600 billion VND is currently implementing phase 2 with the construction of additional bridges and branches... This intersection is also expected to be completed in 2025, helping to reduce traffic jams and accidents in the Cat Lai port area.
According to the leader of the Department of Transport, in addition to the above projects, revenue from the use of seaport infrastructure will be used to invest in other projects connecting the port such as: expanding Nguyen Thi Dinh, Vo Chi Cong, Nguyen Duy Trinh streets, Cat Lai - Phu Huu inter-port road...
"The total investment capital of the projects is very large, so the revenue from seaport infrastructure fees will contribute to meeting the city's infrastructure development needs," said Mr. Lam.
Seaport system in Ho Chi Minh City. Graphics: Thanh Huyen
From the beginning of April 2022, Ho Chi Minh City will start collecting port infrastructure fees with the lowest fee of VND 15,000 per ton of non-containerized goods (import and export goods declared in the city); the highest fee is VND 4.4 million per 40-foot container (temporarily imported and re-exported goods, deposited in bonded warehouses, and transit goods).
The Department of Transport estimates that by 2025, the revenue from port infrastructure fees will reach about VND16,000 billion. After allocating a portion to the fee collection unit, the entire revenue will be invested in projects around the port. This is part of a plan to supplement investment capital for roads connecting ports in the area that have been delayed for many years due to lack of resources.
Gia Minh
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