The Lam Dong Provincial People’s Council in the central highlands has approved an investment proposal for the Bao Loc - Lien Khuong Expressway in the public-private partnership (PPP) form.

With total capital of VND19.5 trillion ($824 million), the expressway stretches 73.64 km and connects Bao Loc city and the Lien Khuong - Prenn Expressway in Duc Trong district’s Hiep Thanh commune.

The project is expected to use VND7.7 trillion ($328 million) from the State budget, with the remaining VND11.7 trillion ($494 million) being mobilized by the investors.

Completion is expected in 2027, with the expressway to have four lanes.

The project’s investors are a joint venture between the T&T Group, the Phuong Trang Investment Corporation (FUTA Group), and the Phuong Thanh Transport Construction and Investment Joint Stock Company (Phuong Thanh Transconsin JSC).

The investors have also proposed that local authorities study and implement certain projects and develop space planning along the expressway to develop residential areas, urban areas, industrial parks, services, and travel facilities.