Surplus capital from G-bonds to upgrade highways

VGP - The PM has agreed with the Transport Ministry's suggestions on using surplus capital sourced from Government bonds that were used to upgrade and repair Highway 1A and the Ho Chi Minh trail section running through the Central Highlands.

July 01, 2015 4:17 PM GMT+7

He assigned the Ministry of Planning and Investment (MOIT) on behalf of the Government to report to the National Assembly Standing Committee about the urgent need of upgrading the Tam Diep-Nho Quan section of Highway12B running through Ninh Binh province.

The Transport Ministry was asked to provide related information and data to the MOITand work with the MOIT to report and give explanations to authorized agencies as regulated.

The Transport Ministry was required to work with relevant agencies to suggest solutions and capital sources to address overload in Highway No.

1’s Phan Thiet-Dong Nai section, ensuring feasibility, effectiveness and appropriate capital for enhancing traffic safety on Highway 1A and the Ho Chi Minh trail section running through the Central Highlands, as well as report the issue to the PM for consideration and making final decision.

By Vien Nhu