Gov’t approves investment in Tan Phu-Bao Loc expy project
HCMC – Deputy Prime Minister Le Van Thanh has approved a plan to develop the Tan Phu-Bao Loc expressway
The majority of deputies present at the National Assembly session this morning, June 20, voted in favor of the project.
The road will be nearly 57 kilometers long and pass through Khanh Son and Khanh Vinh districts of Khanh Hoa Province, connecting National Highway 27C and Provincial Road 656.
The road is designed to have a speed limit of 60 kilometers per hour. However, certain sections traversing challenging terrains and steep slopes will feature two traffic lanes with a design speed of 40 kilometers per hour.
The project’s estimated investment is VND1,930 billion and will be financed by the State budget and the local budget. The total land area required for the project is around 128 hectares, including around 75.58 hectares of forest land that will be repurposed with the agreement of the National Assembly.
Construction on the project is expected to commence in 2023 and reach completion by 2027.
Once finished, the road will significantly contribute to the socio-economic development of the region and strengthen transportation connectivity with Ninh Thuan and Lam Dong provinces.