The Ha Noi People’s Committee on Tuesday announced its auction of five-year term bonds, worth VND500 billion, to raise capital for construction of the National Highway No 5.
The bonds will be issued both by registration and via general stock market.
According to the committee’s Vice Chairman Hoang Manh Hien, the construction project of the National Highway No. 5 is 133 kilometers long, with three bridges including Dong Tru, Dong Hoi and Phuong Trach.
When finished, the route will play a very important role in term of transport in the northern side of Red River urban area, contributing to ease the traffic jams on national highways down to Ha Noi city.