Traffic projects are planned for the connection of rural areas.
Reportedly, among these eight new projects, four large-scaled ones are ready to be kicked off soon, including the Northern mountain provinces' transport connection project under loan of Asian Development Bank (ADB); traffic connection project in the Central Highlands region under the World Bank’s loan and a project to upgrade National Highway 19; the Tan Van - Nhon Trach road project through the Economic Development Cooperation Fund (EDCF) of South Korea; and ODA- funded project of Long Xuyen Bypass.
Specifically, the project of traffic connection in the Central Highlands and National Highway 19 upgrading project is set to begin next year.
The Ministry of Finance has recently drafted a loan agreement and negotiation of the component 1A of Tan Van- Nhon Trach road, which the first phase of Belt Road No. 3 project in HCMC. As planned, the agreement is expected to be signed towards next steps in May.
MoT has also approved the Long Xuyen bypass project. Prime Minister Nguyen Xuan Phuc has urged the ministry to complete the procedures summiting to ADB to adjust the loan agreement.
