Under the build-operate-transfer (BOT) project, a fee of 1,500 VND per km per passenger car unit will be collected from July, which will last for 17 years and three months.
The upgrade in the first phase, with a total capital of more than 6.7 trillion VND (315 million USD), includes revamp of the current four-lane, 25m-wide road.
The second phase, worth more than 4.7 trillion VND (223 million USD), involves the expansion of the four-lane highway to a six-lane one, with the width of 33.5m.
Deputy Prime Minister Hoang Trung Hai said the six-lane highway was expected to cater to 60,000 vehicles per day, double its current capacity, after it gets completed in early 2018.
It is also expected to improve traffic safety and ease congestion on national highway 1A.
The new road will be linked to Cau Gie-Ninh Binh highway, allowing vehicles to travel at 100-120km per hour on the entire route.
The Phap Van-Cau Gie highway project is being carried out by the Civil Engineering Construction Corporation No1 (CIENCO1), the Minh Phat Investment and Development Jsc and the Phuong Thanh Transport Construction and Investment Jsc since last July.
The upgrade in the first phase, with a total capital of more than 6.7 trillion VND (315 million USD), includes revamp of the current four-lane, 25m-wide road.
The second phase, worth more than 4.7 trillion VND (223 million USD), involves the expansion of the four-lane highway to a six-lane one, with the width of 33.5m.
The Phap Van–Cau Gie highway
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It is also expected to improve traffic safety and ease congestion on national highway 1A.
The new road will be linked to Cau Gie-Ninh Binh highway, allowing vehicles to travel at 100-120km per hour on the entire route.
The Phap Van-Cau Gie highway project is being carried out by the Civil Engineering Construction Corporation No1 (CIENCO1), the Minh Phat Investment and Development Jsc and the Phuong Thanh Transport Construction and Investment Jsc since last July.
