|The project's return on investment is estimated to be achievable 20 years after the completion date, with the toll road being the main source of income. — VNA/VNS Photo
HA NOI (VNS) — The Project Management Unit 6 has submitted a BOT (build-transfer-operate) proposal to upgrade National Route 31, part of Bac Giang City-Chu Town, with a total investment of VND1,330 billion (US$62.7 million).
The project's return on investment is estimated to be achievable 20 years after the completion date, with the toll road being the main source of income. The toll is proposed to be collected at two booths located at both ends of the route.
Once completed, the 36km-long route -- with a speed limit of 80kmph-- will have two lanes with a total width of 12m.
The project is scheduled to start in July this year, once the transport ministry approves it.
The proposal highlights the importance of National Route 31 and the need to repair and upgrade the route as it has been constantly overloaded and degraded in recent years.
The upgrade also aims to meet Bac Giang Province's infrastructure demand and to provide better connectivity between the north-western districts and Bac Giang City, boosting the region's socio-economic development as well as reducing the number of traffic accidents. — VNS