Central expressway section to open in August
The Vietnam Expressway Corporation (VEC) will put the first 65km road section of the 140km Da Nang-Quang Ngai Expressway into operation on August 2.
A 65km section of the 140km Da Nang-Quang Ngai Expressway project will be put into operation in August. (Photo: VNA)Da Nang (VNA) - The Vietnam Expressway Corporation (VEC) will put the first 65km road section of the 140km Da Nang-Quang Ngai Expressway into operation on August 2.
This is the first expressway in the central and central highlands region.
A VEC official said that the first stage of the project – the 65km section from Tuy Loan in Da Nang city to Tam Ky city, the capital of Quang Nam province, has been completed.
The four-lane section with two emergency lanes will allow vehicles to travel at 120km per hour, reducing travel time between Da Nang and Quang Ngai province.
VEC’s General Director Mai Tuan Anh said the road was an important part of the National North-South Highway, and its second stage was scheduled for completion later this year.
He said VEC would also collect tolls from all vehicles travelling on the Tuy Loan-Tam Ky section.
The Da Nang-Quang Ngai Expressway project commenced construction in 2012 with a total investment of 29 trillion VND (1.4 billion USD), of which 635 million USD was sourced from the World Bank and 673 million USD from the Japan International Cooperation Agency (JICA).
The 26m-wide four-lane link, running through Da Nang city and Quang Nam and Quang Ngai provinces, will connect industrial parks in the region and help boost transportation in the East-West Economic Corridor that links Thailand, Myanmar, Laos and Vietnam.-VNA
You should also see
PM requires full legal corridor to promote national digital transformation
Prime Minister Pham Minh Chinh on April 24 requested more efforts to step up institutional improvement, create a full legal corridor to promote national digital transformation and develop the digital economy while addressing the eighth meeting of the National Committee for Digital Transformation.
See more
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
