Jinsung Company Limited looks to hit the road

February 23, 2011 | 14:41

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South Korea-based Jinsung Company Limited recently asked for permission to invest in the Dau Giay-Lien Khuong expressway.

illustration photo

General director of the Ministry of Transport’s (MoT) Project Management Unit 1 Hoang Van Phuc confirmed the news and said the 189 kilometre long four-lane Dau Giay-Lien Khuong highway had been approved by the prime minister with a total investment capital of around $1 billion.

Earlier, another South-Korean firm, the Incheon Urban Development Corporation (IUDC), also gave the go-ahead by the MoT to consider investing in the project under the public private partnership (PPP) form.

The highway starts in Dau Giay T-junction in southern Dong Nai province and ends in Lien Khuong in Central Highlands’ Lam Dong province.

Once completed, the highway will be a branch of trans-Asia road with core functions of connecting diverse Central Highlands’ locations, seaports, airports and big industrial zones in southeastern and south-central coastal regions to economic corridors in the greater Mekong sub-region countries.

By Anh Minh

vir.com.vn

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