INTERNATIONAL INVESTMENT
AND PORTAL
The linking road between Phap Van-Cau Gie expressway and Beltway No.3 will have its investment increased from $110 million to nearly $141.3 million, with the funding coming from Hanoi’s budget.
Phap Van-Cau Gie Expressway
Deputy Prime Minister Le Van Thanh on April 15 signed Decision No.471/QD-TTg approving the investment adjustment for the road. The construction was also adjusted from 2022 until 2025.
The DPM assigned the Ministry of Planning and Investment to take responsibility for the appraisal result of the project adjustments, while Hanoi takes responsibility for allocation of the funding in an efficient and timely manner in line with the prevailing rules to ensure the construction schedule and prevent waste and losses.
The linking road had its investment plan approved by the prime minister in early 2020. The road is 3.8km long, 60m wide, and has six lanes.
By Bich Thuy
