The first phase of this important project will cost US$932.4 million. The total cost for the project is funded by the Vietnam Highway Investment and Development Company VEC, which will make a return on their investment capital after 32 years of fee collection.

Once competed, the project will give fresh impetus to socio-economic development and ensure the security of the provinces involved in the project and the key economic triangle in the south-eastern Nam Bo region.

In his opening speech, PM Dung highlighted the strategic importance of the project to the country’s socio-economic development and asked investors and the relevant agencies for their full commitments so that the project will be completed on schedule.