Approved investment in nearly 1,000 billion VND road in Tuyen Quang

At the thematic meeting in mid-November 2024, the People's Council of Tuyen Quang province passed Resolution No. 55 approving the investment policy of the project to build a road from the center of Tuyen Quang city to My Lam mineral spring tourist area.

Accordingly, the Project will be funded by the Korean Government, the managing unit is the People's Committee of Tuyen Quang province, the investor is the Coordination Board of foreign capital projects of Tuyen Quang province.

The route is located in Kim Phu commune and My Lam ward; about 7.6km long, designed speed 50km/h including main route and branch route to develop a synchronous traffic infrastructure system to serve the traffic needs and tourism development of Tuyen Quang province.

After completion, 3 new urban areas will be formed and developed, expanding Tuyen Quang city to the West, contributing to Tuyen Quang city completing the criteria of a type II urban area towards a smart city and a type I urban area by 2030.

The project implementation period is 4 years from the effective date of the loan agreement. The total investment and capital structure is 996.8 billion VND. Of which, ODA capital is more than 776.3 billion VND and counterpart capital is 220.4 billion VND.

The project will contribute to the synchronous and modern development of infrastructure, meeting the increasing demand for transportation; connecting with key economic areas inside and outside the province; leading and activating private sector investment to exploit the maximum potential of My Lam mineral spring tourist area, contributing to promoting the economic and tourism development of Tuyen Quang province.

Source: https://kinhtedothi.vn/phe-duyet-dau-tu-tuyen-duong-gan-1-000-ty-dong-o-tuyen-quang.html