Investment policy of coastal road in northern Thai Binh province adjusted

Deputy Prime Minister Tran Hong Ha has signed a Prime Ministerial Decision approving the adjustment of investment policy for a coastal road project in northern Thai Binh province.

Accordingly, the project’s total investment capital will increase to over VND4.8 trillion ($189 million).

Of the total, some VND1.1 trillion will be sourced from the State budget; VND2.65 trillion will be mobilized from local budget and other capital sources; and over VND1 trillion from BOT investor.

The project had been approved by the Prime Minister in March 2018, with an estimated investment capital of VND3.87 trillion ($152 million).

The 35.5km road has a design speed of 80kph.

The project’s construction period is also adjusted from 2018 to 2025.