Govt Approves US$345Mln Project to Build Cau Gie-Ninh Binh Highway

3:26:37 PM | 8/7/2005

Govt Approves US$345Mln Project to Build Cau Gie-Ninh Binh Highway

 

The Prime Minister has approved the project to build the Cau Gie-Ninh Binh Highway with total investment capital of VND5,442 billion (US$345 million), said the Vietnam Highway Investment and Development Company (HID).

 

The highway will have a length of 56 kilometers, linking the northern provinces of Ha Tay, Ha Nam, Nam Dinh and Ninh Binh.

 

The project will include two phases. In the first phase, the company will spend VND3.7 trillion in building the four-lane road, with 25 meters in width. The construction will begin in August of this year and be completed in the third quarter of 2008.

 

In the second phase, the express way will be upgraded to have six lanes and be 32.5 meters wide.

 

HID company said that the investment capital would be taken from the company’s registered capital costing VND1 trillion. The remaining capital will come from government bonds and other sources.

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