PM approve projects with Japanese and Korean finance hinh anh 1A view of a section of Ho Chi Minh City-Trung Luong Expressway in Tan An city of Long An province (Photo: VNA)

Hanoi (VNA) – The Prime Minister has approved an investment plan for a technical cooperation project sponsored by non-refundable aid from the Japanese government.

The project aims to boost capability in cost estimates, and the management of contract, quality, and safety in construction projects.

It will focus on improving regulations on management of public construction projects in Vietnam in line with international criteria.

The project also helps perfect policies and mechanisms in the construction field under international criteria, boost capability of relevant subjects on cost estimates, contract management, construction capability and project management.

It also aims to boost capability of identifying necessary works related to the management of construction safety, integration in quality management and safety management in cost estimates in construction, construction contract management.

The project will be implemented in three years with more than 71 billion VND (3.16 million USD) in non-refundable aid from the Japanese government.

In other news, the Prime Minister has agreed with the recommendation using official development assistance capital from the Republic of Korean Government’s Economic Development Cooperation Fund (EDCF) for a railway project.

The PM assigned the Ministry of Transport to build a report on the recommendation of upgrading the Hoa Duyet – Thanh Luyen section of the Hanoi-HCM City railway route and the project on improving the safety of bridges on the Hanoi-HCM City railway route and submit it for approval.-VNA