INTERNATIONAL INVESTMENT
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Deputy Prime Minister Le Van Thanh on February 15 signed decisions to set up the state appraisal councils for pre-feasibility reports of the Bien Hoa-Vung Tau and the Khanh Hoa-Buon Ma Thuot expressways.
Vietnam is preparing to develop many expressways to serve socioeconomic development
The Minister of Planning and Investment leads the councils. Members of the council for the Bien Hoa-Vung Tau expressway include the ministries of transport, finance, natural resources and environment, among others, as well as the State Bank of Vietnam and the leaders of Dong Nai and Ba Ria-Vung Tau provinces.
Meanwhile, members of the Khanh Hoa-Buon Ma Thuot expressway include representatives from the aforementioned ministries and leaders of Khanh Hoa and Dak Lak provinces.
The first stage of the Bien Hoa-Vung Tau project has a length of over 53km and an investment of VND18 trillion ($782.6 million). The expressway is scheduled to be kicked off in 2023 and completed in 2025.
Elsewhere, the Khanh Hoa-Buon Ma Thuot expressway is proposed to have a length of over 117km. It is estimated to cost nearly VND22 trillion ($956.52 million). The construction is expected to begin in 2023 and be completed in 2026.
By Bich Thuy
