On July 10, the Minister of Construction signed Decision No.1052/QD-BXD on assigning the Viet Nam Road Administration to be the investor of the project to renovate and upgrade the 3 national highways (53, 62, 91B) to connect regions and adapt to climate change in the Mekong Delta region.
The project has a total investment capital of more than over 9.29 trillion VND (equivalent to 385.66 million USD), of which the loan capital from the World Bank (WB) is 262.22 million USD and the counterpart capital from the central budget is 2.975.75 billion VND (equivalent to 123.44 million USD). The project will be implemented in two phases: medium-term 2021–2025 and 2026–2030.
The Ministry of Construction requested the Viet Nam Road Administration to urgently prepare a feasibility study report for the ministry’s approval, as a basis for signing a loan agreement with the WB. At the same time, this unit needs to closely coordinate with relevant agencies to register the public investment capital plan and receive and utilise existing research results (if any) during the project implementation process.
Previously, on June 28, 2025, the prime minister signed Decision No.1445/QD-TTg to approve the investment policy of the project, assigning the Ministry of Construction as the managing agency and the WB as the sponsor.
