The Ministry of Transport on Sunday started a project to build the Ho Chi Minh Highway in the northern province of Phu Tho with a total capital of VND1,109 billion (US$51.43 million).
An under construction section of Ho Chi Minh Highway (Photo: VNA)
The project under BOT (Build-Operate-Transfer) form stretches over 35.07 kilometers.
According to the ministry, the project plays a significant role in the completion of Ho Chi Minh Highway as per a plan approved by the National Assembly.
After being built, the stretch will permit vehicles to travel 80 kilometers per hour, meet growing transport demand, and contribute in reducing traffic jam and accidents along Highways 32 and 2.
It will also contribute the country's socioeconomic development and ensure security for the northern key economic zone.
The ministry instructed the project’s investors to speed up progress and shorten construction time by 3-5 months so as to complete it by next year.