Home / Investment / News
Vietnam kicks off Tuyen Quang – Phu Tho expressway construction
Ngoc Thuy 15:32, 2021/02/24
Once completed, the project would be a key component under the Kunming (China) – Hai Phong transport corridor, which is a cooperation program among six countries in the Greater Mekong Subregion.

Ground was broken for the construction of an expressway project connecting two northern provinces of Tuyen Quang, Phu Tho and Noi Bai–Lao Cai expressway on February 23.

 Minister of Planning and Investment Nguyen Chi Dung at the event. Source: baophutho.vn

The expressway, estimated at 40.2 kilometers in length, allows a maximum speed of 80 kilometers per hour, with the first phase of the project scheduled to complete by 2023.

The starting point of the expressway is located at Luong Vuong commune, Tuyen Quang province, and the final point at IC9 interchange of Noi Bai – Lao Cai expressway in Phu Tho province.

“Vietnam is entering the year of 2021 with both opportunities and challenges. Along with strong efforts against the Covid-19 pandemic, the country should ensure no disruption to economic activities to boost growth,” stated Minister of Planning and Investment Nguyen Chi Dung at the ceremony.

“To realize this goal, investment into economic and transport infrastructure is one of the three strategic breakthroughs for the economy,” he stated and stressed that the move is key to enhance the economy’s competitiveness and reduce input costs for the business community.

“In this regard, the Tuyen Quang – Phu Tho expressway project linking with Noi Bai – Lao Cai expressway is essential.”

Once completed, the project would be a key component under the Kunming (China) – Hai Phong transport corridor, which is a cooperation program among six countries in the Greater Mekong Subregion.

Financed by public funds, the expressway project is expected to reduce travel time among provinces of Ha Giang, Tuyen Quang, Phu Tho and the northern key economic zone.

RELATED NEWS
TAG: Vietnam Tuyen Quang Phu Tho expressway Noi Bai Lao Cai Kunming Covid-19 pandemic nCoV
Other news
15:31, 2021/31/14
Thai Cafe Amazon expands business in Vietnam
Thai giant calls Vietnam a bright spot for investment amid the global Covid-19 pandemic.
21:18, 2021/18/02
Central Retail to invest US$1.1 billion for business expansion in Vietnam
Vietnam is forecast to become one of the fastest and most attractive markets in the world.
21:01, 2021/01/31
E-solutions help MSMEs speed up digital transformation
The new products will solve problems of four main business areas for enterprises.
22:11, 2021/11/29
AEON Mall Vietnam to build US$190-million shopping center in Bac Ninh
The Japanese group considers Vietnam a key market to expand operations, especially in retail.
15:45, 2021/45/29
FDI commitments in Vietnam surge 18.5% in Q1
Disbursement of the foreign capital inflow rose by 6.5% to US$4.1 billion during the January-March period.
15:30, 2021/30/29
VNR plans expansion of shopping centers at train stations in Vietnam
The railway station area is expected to become the location of amusement parks, supermarkets and services, then earning profits.