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June 28, 2024 | 16:00

Expressway project connecting southern and Central Highlands regions approved

Ánh Tuyết

The Gia Nghia-Chon Thanh expressway has an estimated investment capital of over $1 billion.

Expressway project connecting southern and Central Highlands regions approved
National Assembly deputies voted to approve the resolution on June 28.

The 15th National Assembly on June 28 approved the investment policy for the projected Gia Nghia-Chon Thanh expressway.

The projected expressway has a total length of nearly 129 km from Gia Nghia in Central Highlands’ Dak Nong province to Chon Thanh in southern Binh Phuoc province.

 It will be built in the public-private partnership (PPP) form with estimated investment of nearly VND25.54 trillion (over $1 billion).

Some VND10.53 trillion ($413 million) will be earmarked from the State budget and VND2.23 trillion ($87.6 million) from provincial budgets. The remainder will be mobilized from investors.

The project is scheduled to be implemented from 2024 to 2026 and put into operation in 2027.

 

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