Reduced scale, capital for road project
The Prime Minister gave nod to a proposal to cut capital for and scale down a road project that connects Hanoi – Hai Phong and Cau Gie – Ninh Binh highways.
Accordingly, its investment will be reduced by VND876 billion (US$40.4 million) to about VND4.68 trillion (US$215.5 million) due to reduced material and labour costs as well as capital squeeze, which has resulted in construction delay.
The project began in 2011 and is expected to be completed within 2015.
However, due to financial difficulties, its first phase of building two one-way traffic lines is scheduled for completion by 2017 and after the second phase, the road is set to have four traffic lines.
The project began in 2011 and is expected to be completed within 2015.
However, due to financial difficulties, its first phase of building two one-way traffic lines is scheduled for completion by 2017 and after the second phase, the road is set to have four traffic lines.