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PM approves coastal road project in Thai Binh province

Prime Minister Nguyen Xuan Phuc has approved a project to build a coastal road in the Red River Delta province of Thai Binh.
PM approves coastal road project in Thai Binh province ảnh 1Prime Minister Nguyen Xuan Phuc has approved a project to build a coastal road in the Red River Delta province of Thai Binh.
(Photo: baogiaothong.vn)

Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc has approved a project tobuild a coastal road in the Red River Delta province of Thai Binh.

The project, scheduledto start in 2018 and complete in 2021, will connect northern coastal provinceswith the aim of increasing the use of marine resources as well as preparing forclimate change impacts and rescue at sea.

The project to build the35.5km road has a total investment capital of over 3,872 billion VND (170.5million USD), of which capital from the State budget is 1,100 billion (48.5million USD).

Capital mobilised fromthe local budget and other sources is 1,593 billion VND (70.1 million USD),while capital from investors under the build-operate-transfer (BOT) model is 1,289billion VND (56.8 million USD)

The estimated durationfor toll collection is expected to last from 2022 to 2045. However, the official time for tollcollection will be defined through the bidding to select the investor.-VNA

VNA
#Prime Minister Nguyen Xuan Phuc #Red River Delta province of Thai Binh #coastal road #use of marine resources #climate change impacts #35.5km road #build-operate-transfer model #Vietnam News Agency #Vietnamplus Thai Binh
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