(HBO) – The Hoa Binh provincial Party Committee on August 25 held a meeting on the investment plan and commitment to allocate budget for the project of expanding Hoa Lac - Hoa Binh road.

 Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, speaks at the meeting.

At the meeting, Bui Duc Hinh, Deputy Secretary of the provincial Party Committee and chairman of the provincial People's Council, introduced a proposal by the Standing Board of the provincial Party Committee on the expansion of the Hoa Lac - Hoa Binh road project under a Public-Private Partnership (PPP) contract.

 

The project has a total investment of nearly 9.4 trillion VND (389 million USD) to build a 23.4-km road including a 6.37-km section in Hanoi and a 16.67-km one in Hoa Binh province. The province has chosen to invest in the construction of a 6-lane expressway with a design speed of 100km per hour.

 

Participants in the meeting agreed that the investment project to build the Hoa Lac - Hoa Binh road is an important work that has great impact on the socio-economic development of the locality and the northwestern region. It will open up traffic and create a new economic corridor in the region. The provincial Party Committee agreed on the scale and contract form of the project as well the funding plan for it.

Concluding the meeting, alternate member of the Central Committee of the Party and Secretary of the provincial Party Committee Nguyen Phi Long spoke highly of the support and determination of the provincial Party Committee to implement the project.

 

He agreed that the project has strategic significance in connecting trade between the province and key economic regions and Hanoi, contributing to attracting investment and promoting the socio-economic development of the province and the region.

The provincial People's Committee, its departments, and relevant agencies were asked to work with ministries and central agencies to ask competent agencies for permission to implement the project according to regulations.

 


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