Quang Tri seeks Government funds for key projects

The central province of Quang Tri has proposed the Government allocate investment capital for expediting the Cam Lo - Lao Bao Expressway project and National Highway 15D.

These projects are pivotal to the locality's socio-economic development strategy.

According to the Provincial People's Committee, accelerating key investment projects is a vital solution to achieve the province's ambitious 8% economic growth target.

These key projects include Quang Tri Airport, My Thuy Port Area, the Coastal Road connecting the East-West Economic Corridor, the Eastern Bypass of Dong Ha City, and the National Highway 15D segment from My Thuy to the Western branch of the Ho Chi Minh Road.

The People’s Committee emphasized that the rapid disbursement of public investment capital will create a ripple effect, encouraging private investments and fostering robust economic growth.

The Cam Lo - Lao Bao Expressway stands out as a cornerstone of this vision. Designed as a public-private partnership (PPP) project, the expressway features a scale of four lanes, a design speed of 100 km/h, and a total length of 56 km.

The estimated investment for the project is nearly VND13.94 trillion (nearly $546 million), with 68% of the funding coming from State capital, and the remaining 32% from private investors. The payback period through toll collection is projected to span nearly 21 years.