A degraded section of National Highway No. 27C in Khánh Hòa Province which is currently the main road connecting Khánh Hòa and Lâm Đồng provinces.— VNA/VNS Thanh Vân

HCM CITY — A new inter-regional road connecting the three provinces of Khánh Hòa, Ninh Thuận and Lâm Đồng will help foster transport infrastructure connection and boost socio-economic development in the central and Central Highlands regions.

The People’s Council of the south-central coastal province of Khánh Hòa has issued a resolution approving the implementation policy and local budget allocation for the inter-regional road project at a cost of VNĐ1.93 trillion (US$81.4 million).

Nguyễn Khắc Toàn, chairman of Khánh Hòa Province’s People’s Council, said the inter-regional road project plays a very important role in creating a new space in socio-economic development, as it opens new connections among the districts in the province.

The project also helps to open regional links with the south-central coastal province of Ninh Thuận and the Central Highlands province of Lâm Đồng, creating favourable conditions to strengthen business ties.

The province plans to fund the project from its budget, including nearly VNĐ122 billion ($5.2 million) in the 2021-25 period and more than VNĐ808 billion ($34.1 million) in the 2026-30 period.

The remaining capital for the project will be sourced from the central government budget.

During the implementation of the project, if the project’s total investment increases compared to the total investment approved by the National Assembly, the province will be responsible for allocating the additional capital to ensure completion of the project on schedule.

The new inter-regional road will be 57 kilometres long and 9m wide with two lanes.

The project will cover total land of nearly 129hectares, including about 37ha of agricultural land and 7ha of residential land.

There will be 211 households affected by the project and 11 households will be resettled. — VNS