The People’s Committee of Lao Cai province has just been asked to receive the opinions of the Ministry of Planning and Investment, carry out investment procedures and report to the Prime Minister for consideration and adjustment of investment guidelines. The project has a total investment of VND 2,510 billion and is divided into two phases.
Deputy Prime Minister Le Van Thanh has just asked the Lao Cai Provincial People’s Committee to accept comments from the Ministry of Planning and Investment, carry out investment procedures, and report to the Prime Minister for consideration and adjustment of project investment policy.
The project of connecting highway Noi Bai – Lao Cai is considered and adjusted for investment policy.
According to the decision approving the investment policy, the project to build the highway connecting Noi Bai – Lao Cai expressway to Sa Pa town is implemented in the form of a build – operate – transfer (BOT) contract with the total investment is 2,510 billion and divided into 2 phases. In which, phase I is 2018-2020 and phase II after 2020.
The project of connecting Noi Bai – Lao Cai expressway is invested to meet the increasing demand for transportation, especially when a number of high-end tourism and resort projects in Sa Pa are completed; Remove black spots, reduce the risk of traffic accidents on 4D Highway; Shorten the travel time from Lao Cai to Sa Pa and vice versa.
The project also contributes to improving the exploitation efficiency of Noi Bai – Lao Cai expressway, promoting socio-economic development, ensuring national defense security of the Northwest region, Lao Cai province and in accordance with the transport development planning and orientation.
Source: ndh.vn – Translated by fintel.vn