On August 28, at a meeting with leaders of Lao Cai province, Prime Minister Pham Minh Chinh spoke of key tasks and solutions in the time to come, such as making the most of Lao Cai’s identity and taking the Red River as the vertical axis for development, promoting digital transformation and closely coordinating with Chinese authorities to promote border economic cooperation.
Northern Lao Cai province is to hold a tender to select an investor to build Component 2 of the Sa Pa Airport project, with total investment of more than VND3.65 trillion ($157.96 million). The highlight is the construction of a passenger terminal on an area of over 12,000 sq m and with a capacity of catering to 1.5 million passengers a year. The project will be a breakthrough in the development of transport infrastructure in Lao Cai province and the nearby region.
It has been proposed that the railway line linking Lao Cai in Vietnam and China's Hekou North railway station receive investment of VND2.5 trillion ($109.92 million) for upgrades.
After many delays, an ODA project connecting traffic in the three provinces of Lai Chau, Lao Cai, and Yen Bai with the Noi Bai - Lao Cai Highway will begin construction in October. The project is funded by the Asian Development Bank and the Australian Government, with total capital of VND5.34 trillion ($233.44 million).