Vietnam greenlights $120 mln coastal road in northern province
Wed, 22 Jan 2020 13:00:00 | Print | Email Share:
Houses seen in Nam Truc District, Nam Dinh Province.
Photo by Shutterstock/David Nguyen VN.
Vietnam will spend VND2.79 trillion ($120.5 million) on building and upgrading a 65.8 km long coastal road in Nam Dinh Province.
The plan, approved by Deputy Prime Minister Trinh Dinh Dung, includes building 38.4 km of new roads and upgrading 13 km. No work will be done on the remaining 14.3 km.
The road will run from the province’s northeastern coastal district of Giao Thuy to the southern district of Nghia Hung.
Of the VND2.79 trillion price tag, VND1 trillion ($43.2 million), or 36 percent, will come from the federal government budget and the remaining from the provincial budget and other sources.
Work on the project will begin this year and finish by 2024. The road will significantly improve links between Nam Dinh and neighboring provinces.
By: Dat Nguyen/VnExpress
Source: https://e.vnexpress.net/news/business/economy/vietnam-greenlights-120-mln-coastal-road-in-northern-province-4045199.html
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