Gov't proposes 3 mln funding increase for tai bet88 projected Bien Hoa-Vung Tau Expressway

Authorized by tai bet88 Prime Minister, Minister of Construction Tran Hong Minh has signed a government proposal submitted to tai bet88 National Assembly, seeking adjustments to tai bet88 investment policy for Phase 1 of tai bet88 Bien Hoa - Vung Tau expressway project.

Under tai bet88 proposal, tai bet88 total investment capital for Phase 1 of tai bet88 project is set to increase from VND17,837 trillion (8 million) to VND21,551 trillion (over 1 million)—an additional VND3,700 trillion (nearly 3 million) compared to tai bet88 previously approved plan.

Explaining tai bet88 cost adjustment, Minister Minh highlighted two primary factors driving tai bet88 increase: compensation, support, and resettlement expenses and construction costs.

According to recent assessments, tai bet88 total compensation, support, and resettlement costs have risen to approximately VND9,856 trillion (0 million), marking a VND3,227 trillion (4.4 million) increase from tai bet88 initial estimate. This adjustment stems from reassessments during tai bet88 site clearance process, where authorities conducted more detailed measurements to accurately determine tai bet88 extent of affected land areas.

Additionally, tai bet88 adjustment reflects findings from detailed surveys conducted by investors in topography, geology, and hydrology, as well as consultations with infrastructure management agencies to ensure optimal design solutions.

Fluctuations in material, labor, and construction machinery costs—observed between tai bet88 2023 technical design approval process and tai bet88 initial investment policy establishment—have also contributed to tai bet88 higher construction expenses.