|Work to upgrade a section of National Highway 38 running through the northern provinces of Bac Ninh and Hai Duong started on Saturday.
BAC NINH (VNS) — Work to upgrade a section of National Highway 38 running through the northern provinces of Bac Ninh and Hai Duong started on Saturday.
The Build-Operate-Transfer (BOT) project is backed by Vinaconex import company and Licogi 16 at a cost of nearly VND1.7 trillion (US$80.9 million).
When completed in the second quarter of next year, the 32.8km, four-lane road will make it easier to link traffic from industrial parks, seaports and airports in the two provinces.
At present, the road is in poor condition and narrow and is unable to deal with increased traffic from northern provinces.
Deputy Prime Minister Hoang Trung Hai said that the financing of National Highway 38 would reduce dependence on State budget money which could be spent on other infrastructure projects.
He asked Bac Ninh and Hai Duong authorities to provide fair compensation to households displaced by the work to ensure the project was finished on time.
In 2010, the transport ministry approved a project to upgrade National Highway 38 running through the two provinces with funding of VND541 billion from State and provincial budgets.
The work began in Februray, 2011, but until April, 2014, just 30 per cent of the work was completed due to a financial shortage.
Thus, the ministry and Bac Ninh Province People's Committee proposed Prime Minister to put the project under a BOT contract. — VNS