Deputy Prime Minister Hoang Trung Hai on July 20 attended a ceremony to launch a project on upgrading the Phap Van-Cau Gie highway, the southern gateway to Hanoi, under the build-operate-transfer (BOT) model.
The four-lane Phap Van-Cau Gie highway now sees the largest traffic flow in the northern region, which frequently causes traffic congestions.
The upgrade is the second BOT highway project, to be carried out by the Minh Phat Investment and Development Joint Stock Company and the Phuong Thanh Transport Construction and Investment JSC. It will be implemented in two phases with a total capital of over 6.7 trillion VND (315 million USD).
Addressing the event, Deputy PM Hai said once completed in early 2018, the upgraded highway will have six lanes and can serve 60,000 vehicles per day, doubling the current 30,000.
At the same time, the new road will be connected to the Cau Gie-Ninh Binh highway, allowing vehicles to travel at a speed of 100-120 km per hour on the entire route.