The budget of the expansion will be under loans from the Bank of Tokyo-Mitsubishi UFJ with total investment capital of VND 11, 485 trillion.
The proposal was submitted to the Science, Technology and Environment Committee at the survey of the highway project by the committee yesterday.
Head of Science, Technology and Environment Committee Mr. Phan Xuan Dung and leaders of the Transport Ministry yesterday surveyed La Son-Tuy Loan road, a part of the Ho Chi Minh Highway project.
The construction of Cam Lo, La Son and Tuy Loan with total length of 180 kilometers was invested under BT (Build-Transfer) in parallel to the North-South Expressway project which was begun in 2015, including the La Son- Tuy Loan Highway with total length of 78 kilometers stretching central city of Da Nang and province of Thua Thien- Hue.
According to the Ho Chi Minh Highway Project Management Board, the cost of the highway was reduced because prices of construction materials decreased and one of the parts of the highway was cut out to connect to the North- South Expressway.
Head of Science, Technology and Environment Committee Mr. Phan Xuan Dung said that the proposal on the highway expansion must be submitted to the government.
The localities along the road needed to create favorable conditions for the construction, he added.
One part of Ho Chi Minh Highway roughly coincides with the Ho Chi Minh trail during the Vietnam War. It is designed to run along ranges of mountains in the west of the country, different from the National Highway 1 which runs along deltas in the east of the country. It is a two-lane highway and is planned to become an 8-lane highway and it will connect Cao Bang province by the Chinese -Vietnamese border to Ca Mau province with the total length of 3,167 km.
