Investment proposal for route linking Ha Giang with Noi Bai-Lao Cai Highway
12:17 | 06/04/2021
Once the ODA side is arranged, the road construction can kick off in Ha Giang
According to
VNA, the Project Management Board No.2 has requested the Ministry of Transport to send an official document to the Korea Economic Development Cooperation Fund (KEDCF) to confirm the official development assistance (ODA) component of the project constructing the route connecting Ha Giang with the Noi Bai-Lao Cai Highway.
The estimated total investment value of the project is VND7.702 billion ($334.87 million). Of this, the ODA loan from the KEDCF is expected to contribute about VND6.103 billion ($265.35 million) for construction, equipment, technical design, building supervision, and corresponding contingency costs. Meanwhile, counterpart funds will contribute around VND1.599 billion ($69.5 million) for value added tax, site clearance, project management, construction investment consultancy, as well as other costs and corresponding provisions.