|Deputy Prime Minister Nguyen Xuan Phuc Attends the launching ceremony.—VNA/VNS Photo
HA NOI (VNS)— Two Build-Operate-Transfer projects to expand National Highway 1 in Quang Binh and Quang Tri provinces were launched yesterday.
The projects are expected to cost around $97.5 million in total.
Attending the launching ceremony, Deputy Prime Minister Nguyen Xuan Phuc said the projects would be an important motivating force for the provinces and the northern central area to expand trade exchange, investment promotion and socio-economic development and to minimise traffic accidents.
Phuc also asked the Ministry of Transport, investors and contractors to ensure construction quality and progress to meet the project's deadlines, stressing that National Highway 1 running from northern border Lang Son Province to southernmost Ca Mau Province was the country's traffic lifeline.
"It played an important role in socio-economic development, national defence and security and the country's industrialisation and modernisation," he added.
In central Quang Binh Province, around 33km will be expanded with an investment of VND980 billion (nearly US$47 million) by the investor of Truong Thinh Group.
In central Quang Tri Province, more than VND1.067 trillion (around $50.8 million) would be invested to build more than 15.5km of the National Highway section linking Gio Phong Commune of Gio Linh District with Dong Ha Town.
The two projects are expected to be completed by 2015.
On the same day, a project on upgrading National Highway 14C across the Dak Nong Province was kicked off by the Ministry of Transport.
With an investment of more than VND900 billlion (around $42.8 million) from the Asian Commercial Bank (ACB), the project aimed to upgrade and expand 30km of the Highway from Cu Jut to Dac Mi districts in the province. The project is expected to be completed in January 2016. — VNS