PM approves results of the road project
Deputy Prime Minister Hoang Trung Hai has approved the results of negotiations with a foreign partner, the content of a loan agreement and other documents related to a road building project in northern mountainous provinces.
The Deputy PM has authorized the Governor of the State Bank of Vietnam to sign the loan agreement with a representative from the Asian Development Bank (ADB).
Six provinces such as Cao Bang, Bac Kan, Ha Giang, Tuyen Quang, Yen Bai and Lao Cai will benefit from the project which is divided into two phases.
In phase I (from 2012-2017), a number of roads with a total length of 300 kilometers will be upgraded at an estimated cost of $109 million, of which $80 million is sourced from the ADB loan.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC (October 01, 2024 | 16:46)
- Vietnam urges China to expand market access for agricultural products and strengthen trade ties (October 01, 2024 | 16:42)
- IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024 (September 30, 2024 | 18:26)
- Deli Group breaks ground on $270 million factory in Hai Duong (September 30, 2024 | 18:17)
- Government considering tax on multiple properties (September 27, 2024 | 20:17)
- Accuracy more vital than ever in dawn of AI (September 26, 2024 | 20:44)
- Vietnam remains attractive destination for US businesses (September 26, 2024 | 20:23)
- New innovation centre inaugurated during HEF 2024 (September 25, 2024 | 09:00)
- China's Geely to build $168 million automobile facility with Tasco in Thai Binh (September 24, 2024 | 19:03)
- Spate of claims made in typhoon aftermath (September 19, 2024 | 17:00)
Mobile Version