Da Nang – Quang Ngai new highway project – development opportunities for central Vietnam

30 Jun
Vnre.blogspot.comMinistry of Traffic (MOT) has recently submitted to the Government for investment approval of the new Da Nang – Quang Ngai highway project. According to the proposal, this highway will connect the territory of Da Nang and two other provinces being Quang Nam and Quang Ngai.
Currently, the determination of land boundary for project demarcation to hand over to the local authorities of each province that the highway passing has basically completed. In details, the total area of land within for clearance is about 984ha, of which, about 73ha residential land and 451ha agricultural land.

According to the proposal that the MOT submitted to the Government, this highway passes through the territory of Da Nang and two other provinces, Quang Nam and Quang Ngai. On the map the highway route lies to the west of national road 1A and the North – South railway, starts at the juncture of national road 1A, south of Da Nang City and ends at the point of connection to national road 11 south of Quang Ngai city and has total length of 139.5 km.

The highway is divided to two paths: one that has total length of 131.49 km and the other connecting from Quang Ngai City to the east route that avoids La Ha town of 8.02 km long and is located on national road 1A.

With the total investment up to VNS 29,203 billion (equivalent to US$ 1.537 billion), the Da Nang – Quang Ngai high way project is the largest segment of highway connecting north – south of Vietnam.

MOT also proposed to the Government for Vietnam Highway Investment and Development Company (VEC) to be the developer of this project with BOO investment method (Build – Operate – Ownership) to facilitate the mobilization of resources from financial institutions in the world to ensure the project high investment capital required.

Reported by Diep Linh/ CAND

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: