August 04, 2023 | 14:10

Thanh Hoa to invest $39mln in road expansion

Nguyễn Thuấn

Capital to be mobilized from land use fees.

Thanh Hoa to invest $39mln in road expansion

Authorities in north-central Thanh Hoa province have allowed Thanh Hoa and Sam Son cities to use funds collected from land use fees to invest in expanding the southern Ma River Boulevard.

Total investment is estimated at VND930 billion ($39.2 million).

The 12-km section passing through Thanh Hoa city will be built at an estimated cost of VND600 billion ($25.3 million).

The section passing through Sam Son city, which is 5.8 km in length, is estimated to cost VND300 billion ($12.65 million).

Construction of the first phase of the southern Ma River Boulevard began in 2009 and the 14-km stretch was open to traffic in 2016, with a maximum speed of 60km/h.

The road has helped cut traffic congestion on National Highway No. 47.

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