ODA road projects hit top gear
31-05-2012
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The Ministry of Transport’s (MoT) acceptance allowing contractors to get a 10 per cent contract value and count price depreciation in advance is benefiting contractors at new National Highway 3’s Hanoi-Thai Nguyen section.
Accordingly, from late March 2012 productivity at the project’s four major construction packages almost doubled against the previous months, bringing the productivity value from debut in late 2009 until present to more than 30 per cent of project’s total work volume.
If this pace continues, contractors will be able to put the 61.3 kilometre road into temporary use before 2012’s rainy season.
“This manifests a great deal of efforts from the Project Management Board and contractors since foundation work often takes much time and energy, while reporting low productivity,” said the MoT’s Transport Engineering Construction and Quality Management Bureau (TCQM) chief Tran Quoc Viet.
After a long delay, construction of the VND10,332 billion ($492 million) Hanoi-Thai Nguyen section using Japanese ODA sources has been accelerated to finalise the project in late 2013.
Also, National Highway 3 project is just one of many transport sector’s ODA projects beating disbursement progress.
It is almost certain that Hanoi beltway 3 second phase’s bidding package 3 involving a 3.2km road will be open to traffic in June 2012.
Project developer representative PMU Thang Long’s director Vu Xuan Hoa revealed the Hanoi beltway 3 second phase project would exceed contract progress from 5-15 months.
In fact, projects with good disbursement pace rose sharply compared to one year ago. Most typical ones are the Cai Mep-Thi Vai international terminal construction, Ho Chi Minh City-Long Thanh-Dau Giay expressway or upgrading national road networks using transport sector credit.
MoT statistics show that by early May 2012 disbursed capital at MoT’s ODA-funded projects mounted to VND1,241 billion ($59.1 million) out of VND3,818 billion ($181.8 million) projected, tantamount to 35.2 per cent of the year’s projection.
“This is the best ODA disbursement achievement for the transport sector,” Viet noted.
However, ODA-funded transport infrastructure projects face a dearth in Vietnamese reciprocal capital, such as the Nhat Tan bridge or T2 terminal in Noi Bai airport.
“ODA projects could manage better progress if reciprocal capital was arranged,” Viet asserted.
