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Thanh Hoa: Proposed investment over VND3,000 billion new 25 km coastal road

Thanh Hoa: Proposed investment over VND3,000 billion new 25 km coastal road

The People’s Committee of Thanh Hoa province has proposed the Prime Minister to approve the policy of investing two new coastal roads with the total length of 25km.

Thanh Hoa: Proposed investment over VND3,000 billion new 25 km coastal road Specifically, the route 1: Hoang Hoa – Sam Son 10.5 km long. The first point at the intersection with provincial road 510 in the territory of Hoang Ngoc commune, Hoang Hoa district; The end point connects to the traffic route connecting Sam Son city with Nghi Son economic zone (belonging to Quang Chau commune, Sam Son city).

Thanh Hoa: Proposed investment over VND3,000 billion new 25 km coastal road
Thanh Hoa: Proposed investment over VND3,000 billion new 25 km coastal road

Route 2: Quang Xuong – Tinh Gia is 14.5 km long. The first point is connected to the end of the road project connecting Sam Son town with Nghi Son economic zone in Quang Nhan commune, Quang Xuong. The last point is the integrated development project of motive urban areas – Sub-project of Tinh Gia urban area belonging to Ninh Hai commune, Tinh Gia district.

The total land area for the project is 45ha, total estimated investment is VND3,077 billion.

This project will be implemented under a BOT contract. The investment capital of the State participating in the project implementation is VND2,154 billion (equivalent to 70%). In particular, the central budget supports VND1,400 billion from the provincial budget of VND754 billion. Capital mobilization was VND 923 billion (30% of total investment capital). Investors have to meet the condition of equity with 20% of capital mobilized.

Investors will recover capital by charging fees. The proposed toll station at the bridgehead crossing Ma river is located in Hoang Chau commune, Hoang Hoa district. The expected payback period is 23 years.

In terms of progress, this coastal road project will be implemented in the period 2018-2023.

The entire coastal road through Thanh Hoa province is 96km long. Of which, 45 km investment and investment policy, the total investment is VND3.980 billion. The remaining 51km are waiting for investment approval.

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Thanh Hoa: Proposed investment over VND3,000 billion new 25 km coastal road
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