A coastal road to be built in Thai Binh province
16:04 | 29/03/2018

VGP – The Prime Minister recently approved an investment plan for the construction of a coastal road in the northern province of Thai Binh.

The project will be implemented from 2018 to 2021, with the view of facilitating transport connection along the northern coastal corridor, expanding the land fund for production activities, enhancing the efficiency of sea resources use, and serving socio-economic development in the localities served by the road.

The facility also aims to create favorable conditions for rescue work and response to disasters and climate change, while strengthening national defence and security in the coastal areas.

The 35.5km road, which has a design speed of 80kph, will be built at total costs of VND3.87 trillion (US$170.28 million), including VND1.1 trillion from the State budget, VND1.59 trillion from the local budget and other legally mobilized sources, and VND1.29 trillion from the BOT investor.

A 2.19km bridge across the Hong River will be built to connect Thai Binh’s coastal road with the coastal road in the northern province of Nam Dinh.

In terms of financial solutions, the project investor, to be decided through the form of bidding, will construct a toll station, with a projected toll collection period of 23 years and three months (from 2022 to 2045).

The PM assigned the Thai Binh provincial People’s Committee to work with relevant agencies to finalize the project’s feasibility study report, and arrange the local budget and other legal capital sources in the province’s annual budget plan, in order to implement the project on schedule. 

                                                                                                                                            By Vien Nhu

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