JavaScript is off. Please enable to view full site.

Over $380mn needed to upgrade 3 highways linking Vietnam with Laos, China

Over $380mn needed to upgrade 3 highways linking Vietnam with Laos, China

Wednesday, September 27, 2023, 15:02 GMT+7
Over $380mn needed to upgrade 3 highways linking Vietnam with Laos, China
Vehicles travel on a national highway in Vietnam. Photo: Vietnam News Agency

Three national highways connecting Vietnam with northern Laos and China are expected to undergo upgrades at a cost of over VND9.4 trillion (US$386.5 million), according to the Department for Roads of Vietnam.

The department proposed the Ministry of Transport allow the former to upgrade two sections of National Highways 279, 4H in Dien Bien Province, northern Vietnam and another section of National Highway 217 in the north-central province of Thanh Hoa, the Vietnam News Agency reported.

In this road upgrade plan, the 38km-long section of National Highway 279 from Dien Bien District to Tay Trang international border gate, which links Dien Bien with Laos, would be widened to 12 meters and have two lanes.

The National Highway 4H and 217 sections subject to the expansion measure over 94 kilometers and over 52 kilometers long, respectively.

Of the total estimated investment, around VND7.5 trillion ($309 million) worth of loans borrowed from the World Bank is set to cover fees for construction, equipment purchase, consulting services, and others.

The remaining amount will be backed by the country’s reciprocal capital to pay for project management, consulting services, site clearance, and other taxes and fees.

This road upgrade project is set to be implemented in the 2025-29 period after a grant agreement inked between the World Bank and the project’s developer comes into effect, the department said.

If the project gets a green light from the central government, it will satisfy the growing need for transport and shorten the distance needed for vehicles to travel between border gates and seaports, helping reduce logistic costs and boosting trade between Vietnam and northern Laos and China, a leader of the department said.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Hong Ngan / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Latest news