(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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As Vietnam enters a new phase of economic and administrative reform in 2025, Hoa Binh province is stepping up its efforts to streamline governance, boost economic growth, and attract investment.
The Hoa Binh provincial People's Committee held its monthly meeting on March 26 to review the progress of key projects, assess budget revenue and public investment disbursement, provide feedback on draft documents for submission to the provincial Party Committee's Standing Board, and discuss other important matters related to the committee's governance activities.
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