PM directs hastening Trung Luong-My Thuan highway construction
Permanent Government members met in Hanoi on February 20 to discuss the acceleration of the Trung Luong-My Thuan highway construction.
Illustrative image (Source: VNA) Hanoi (VNA) – Permanent Government members met
in Hanoi on February 20 to discuss the acceleration of the Trung Luong-My Thuan
highway construction.
The project is highly significant, connecting the Mekong Delta with Ho Chi Minh City and the southern key economic region.
According to the Ministry of Transport, the 51km-long, 17km-wide highway will pass through the Mekong Delta province of Tien Giang, costing over 9.6 trillion VND (417 million USD) in the form of build-operate-transfer. The project is scheduled for completion by 2020, but the construction pace is lagging behind schedule.
At the event, Prime Minister Nguyen Xuan Phuc highlighted the significance of the highway to the development of the Mekong Delta and the country.
He requested that the progress and quality of the project is ensured, for completion by 2020 as planned.
The leader agreed that the project will be invested in by the provincial People’s Committee in replace of the ministry. –VNA
The project is highly significant, connecting the Mekong Delta with Ho Chi Minh City and the southern key economic region.
According to the Ministry of Transport, the 51km-long, 17km-wide highway will pass through the Mekong Delta province of Tien Giang, costing over 9.6 trillion VND (417 million USD) in the form of build-operate-transfer. The project is scheduled for completion by 2020, but the construction pace is lagging behind schedule.
At the event, Prime Minister Nguyen Xuan Phuc highlighted the significance of the highway to the development of the Mekong Delta and the country.
He requested that the progress and quality of the project is ensured, for completion by 2020 as planned.
The leader agreed that the project will be invested in by the provincial People’s Committee in replace of the ministry. –VNA
You should also see
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
See more
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
Business
Phu Yen, Ninh Thuan attractive to energy project developers
The south-central coastal provinces of Phu Yen and Ninh Thuan have become attractive destinations for investors operating in the energy industry thanks to great potential for renewable energy development.
Business
Petrovietnam posts 9-billion-USD revenue in Q1
The Vietnam National Oil and Gas Group (Petrovietnam) saw total estimated revenue of 231 trillion VND (9 billion USD) from production and business activities in the first quarter of 2024, exceeding the set quarterly plan by 33% and up 19% year-on-year, head a conference held by the group recently.
Business
Forum seeks to increase PPP investment effectiveness
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
