Quang Binh to develop coastal road to promote economic development

March 11, 2021 | 11:12
Quang Binh province will develop a coastal road and Nhat Le 3 Bridge with the total investment capital of VND2 trillion ($86.96 million) to promote the marine economy and attract investment capital.
quang binh to develop coastal road to promote economic development
Quang Binh is pegging high hopes on the coastal road and Nhat Le 3 Bridge

Quang Binh People’s Committee recently joined a working session with departments and relevant authorities to discuss plans to develop the first phase of the coastal road and Nhat Le 3 Bridge.

According to the plan, the projects will have a total investment capital of VND2 trillion ($86.96 million). The construction will be implemented during 2021-2026, with the road crossing the districts of Quang Trach, Bo Trach, Quang Ninh, Le Thuy, Ba Don town, and Dong Hoi city.

Once completed, the project is expected to contribute to promoting the marine economy. It will go along the planned urban area and several tourism areas, thus it will motivate investment activity, promoting the exploitation of sea ports, as well as Vung Ang and Hon La economic zones. Besides, it will create convenient connections to the other regions of the country.

“The project plays a crucial role in realising the province's socioeconomic development targets. Parties need to co-operate with each other so that the construction will go smooth,” said Tran Thang, Chairman of Quang Binh People’s Committee.

Quang Binh gave the green light to 35 projects with the total capital of about VND93 trillion ($4.04 billion).

The province is calling for investment in 62 projects in agriculture, industry, energy, trade, tourism, and infrastructure development in 2021-2023.

Notably, there are a number of large-scale projects, including the 3,000MW LNG-to-power project worth $4 billion, Hon La Non-Tariff Zone, the third phase of the $155 million Le Thuy 3 wind farm, a $86 million automobile assembly and production plant, and the VND1.8 trillion ($78.26 million) Hon La Industrial Park.

By Ha Vy

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional