Investment increase for Tuyen Quang – Phu Tho Expressway approved. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha has approved an investment increase for the Tuyen Quang- Phu Tho Expressway connecting with the Noi Bai – Lao Cai Expressway project.
Accordingly, investment capital will be increased from 3.2 trillion VND (136 million USD) to 3.753 trillion VND to create a breakthrough in economic development for the two northern provinces.
The expressway, which is funded with the central and local budgets, stretches 40.2km, including 11km to be built in Tuyen Quang province and the rest in Phu Tho province.
In the first phase from 2020 to 2023, the expressway has four lanes, allowing vehicles to travel at a maximum speed of 80km per hour. It will be expanded in the second phase until 2025.
Tuyen Quang and Phu Tho provinces are required to coordinate together to adjust the investment policy of the project to ensure the expressway has at least four complete lanes, allowing vehicles to travel at 120km per hour.
Once completed, it will help ease congestion on National Highway 2 and shorten travel time between Ha Giang, Tuyen Quang and Phu Tho provinces with the northern key economic region and Hanoi, while enhancing the efficiency of the Noi Bai- Lao Cai expressway.
The first phase of the project is scheduled to be completed by the end of this year./.
