Developing Transport Infrastructure to Attract Investment

10:10:51 AM | 5/4/2021

In recent years, Yen Bai has worked hard on transport infrastructure development, especially key projects to serve the socio-economic development of the province.

Impressive breakthroughs

Implementing one of the three strategic breakthroughs of the Resolution of the Provincial Party Congress (term 2015-2020) of “building a synchronous socio-economic infrastructure system with a focus on traffic infrastructure”, the Provincial Party Committee, People's Council and Provincial People's Committee have drastically directed the traffic development work, gradually completing the transport infrastructure in the province. In particular, the Provincial Transport Department has made great efforts to advise on investment in development and improvement of transport infrastructure, especially key projects of the province.

While implementing these projects, the province has faced a lot of difficulties. However, with the attention of the Government, ministries, the Provincial Party Committee, People's Council and People's Committee, together with the efforts of all levels and branches of the locality, the transport system in the province has been improved both in urban and rural mountainous areas.

Since 2016, the province has mobilized more than VND12,435 billion to invest in the development of transport infrastructure, with priority given to a number of important points that have a great impact on the development and expansion of urban space, overcoming the effects of natural disasters on the province. Typical projects include Bach Lam Bridge; Tuan Quan Bridge; Co Phuc Bridge; Khe Dai Bridge; the road connecting Highway 32C with Noi Bai - Lao Cai Highway; the road connecting Highway 32, Highway 37 with Noi Bai - Lao Cai Highway.

The projects that have been completed and put into use and gradually bring into play great efficiency, facilitating traffic connections across the province and with the Noi Bai - Lao Cai Highway, paving the way for local economic development to quickly transform the economic structure, eradicate poverty, and step by step improve the life and spirit of the people.

Continuing to improve traffic infrastructure

In the period 2020-2025, the transport sector will continue to advise the Provincial People's Committee on the development of transportation in areas such as construction investment, road repair and management, transportation, and rural transport, with a focus on major solutions:

Firstly, actively taking advantage of the support of the Government, ministries and central branches to have more resources to invest, upgrade and renovate highways, national highways, provincial roads and other traffic projects in the province.

Second, continuing to advise the Provincial People's Committee to implement transport projects, especially key projects of the province, while strengthening inspection, supervision, and promptly removing problems related to construction progress and quality.

Third, coordinating with the other departments, branches and localities to advise the province to have appropriate policies and mechanisms to mobilize social resources together with promoting internal investment in transport infrastructure development; effectively using central support capital sources, ODA capital, aid capital from international organizations, local budget support capital, capital of the people, enterprises and communal organizations to invest in the development of transport infrastructure.

Fourth, closely coordinating with localities in the province to well implement rural development in association with the national target program on building new rural areas, successfully implement the Rural Development Project in the province in the period 2021 - 2025, with the target of hardening 900km of road and opening 150km of new road.

Source: Vietnam Business Forum