A project on building a new section of National Highway No.3 in the BOT (Build-Operate-Transfer) form will be commenced in September, investors reported to Transport Minister Dinh La Thang at a working session on August 12.
The 40.2 km section will connect the northern province of Thai Nguyen and Cho Moi district in the northern mountainous province of Bac Kan.
Investment capital for the first phase of the project is more than 2.3 trillion VND (approximately 112 million USD), of which over 1.4 trillion VND (66.6 million USD) will be spent on construction work and 272 billion VND (12.9 million USD) will be paid for site clearance.
Minister Thang said calling for BOT investment is a right choice for transport development to ease the pressure on the State budget.-VNA
The 40.2 km section will connect the northern province of Thai Nguyen and Cho Moi district in the northern mountainous province of Bac Kan.
Investment capital for the first phase of the project is more than 2.3 trillion VND (approximately 112 million USD), of which over 1.4 trillion VND (66.6 million USD) will be spent on construction work and 272 billion VND (12.9 million USD) will be paid for site clearance.
Minister Thang said calling for BOT investment is a right choice for transport development to ease the pressure on the State budget.-VNA
