The Prime Minister has approved the policy of investing in a project to build a coastal road in Thai Binh province with a total investment of over VND 3,800 billion.
Accordingly, the coastal road was invested by construction grade III delta road, designed speed 80km / h. Total investment capital of the project is VND 3,872 billion, of which VND1,100 billion from the central budget, VND1,509 billion from the local budget and other legal capital mobilized from the state budget.
The investment scope for the construction of the road with a total length of 35.5 km, of which the first point at Km9 + 00, intersects National Highway 37 at Km2 + 384.15 (connecting to the coastal road project end point Hai Phong city and 09km in Thai Binh province.
The last point at Km44 + 500, connected to the road bridge across the Red River in Nam Phu commune, Tien Hai district. Construction of the Red River crossing is about 2,195 km long connected to the coastal road of Nam Dinh province.
Regarding the financial plan, the investor shall set up a road toll collection service station to return the capital to the investor’s capital invested in the construction of the project in accordance with the provisions of law.
The estimated time to collect road service charges is 23 years and 3 months (from 2022 to 2045). Official time will be determined through the investor selection tender.
An investment project to build a coastal road in Thai Binh province will be constructed from 2018-2021 with the objective of connecting the coastal corridor of the North Sea and expanding the land fund for investment in production and raising. Efficient use of marine resources, socio-economic development of localities with routes through …
The Prime Minister assigned Thai Binh Provincial People’s Committee to assume the prime responsibility for, and coordinate with concerned agencies in, finalizing the project’s feasibility study report and submitting it to competent authorities for investment decision according to the provisions of law.
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At the same time, the Prime Minister requested the allocation of local budgets and other legal sources in the province’s annual budget plan to implement the project on schedule.
The head of the Government also assigned the Ministry of Planning and Investment to coordinate with the Ministry of Finance and the Thai Binh provincial People’s Committee in reviewing and balancing capital sources to implement the project in accordance with the law.
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