Vietnam Coal and Mineral Industry Group, or Vinacomin, said it would petition the Government to reconsider the investment capital for the bauxite route upgrade because the group cannot afford the VND1-trillion contribution as tentatively suggested.
Vietnam Coal and Mineral Industry Group, or Vinacomin, said it would petition the Government to reconsider the investment capital for the bauxite route upgrade because the group cannot afford the VND1-trillion contribution as tentatively suggested.
The alumina transport route comprises Provincial Road 725 in Lam Dong Province along with National Highway 20 and Provincial Road 769 in Dong Nai Province. Earlier, the Directorate for Roads of Vietnam under the Minister of Transport has submitted to the Government the upgrade project for these roads with total investment capital of VND1.6 trillion.
Vinacomin, as bauxite exploiter, is requested to contribute between VND482 billion and VND1 trillion to the capital. The remaining will be mobilized from the State budget.
In response to this decision, Duong Van Hoa, deputy general director of Vinacomin, told the Daily that the group cannot spend VND1 trillion for this project because its transport trucks would account for only 2% of all the vehicles circulating on such roads.
Hoa underscored Vinacomin approves this upgrade project but demanded revision on its financial obligations. He said the group would submit a petition on this subject to the Government in the coming days.
Hoa said it was unreasonable to impose the upgrade mission on Vinacomin alone, stating these roads have already been deteriorating and the upgrade is to facilitate the community and all industries as well as economic development of the region.
The alumina transport route comprises Provincial Road 725 in Lam Dong Province along with National Highway 20 and Provincial Road 769 in Dong Nai Province. Earlier, the Directorate for Roads of Vietnam under the Minister of Transport has submitted to the Government the upgrade project for these roads with total investment capital of VND1.6 trillion.
Vinacomin, as bauxite exploiter, is requested to contribute between VND482 billion and VND1 trillion to the capital. The remaining will be mobilized from the State budget.
In response to this decision, Duong Van Hoa, deputy general director of Vinacomin, told the Daily that the group cannot spend VND1 trillion for this project because its transport trucks would account for only 2% of all the vehicles circulating on such roads.
Hoa underscored Vinacomin approves this upgrade project but demanded revision on its financial obligations. He said the group would submit a petition on this subject to the Government in the coming days.
Hoa said it was unreasonable to impose the upgrade mission on Vinacomin alone, stating these roads have already been deteriorating and the upgrade is to facilitate the community and all industries as well as economic development of the region.
(Source: SGT)
