Phú Thọ Invites Investment in Three Major Transportation Projects, Totaling Over 20,000 Billion VND

The People's Committee of Phú Thọ Province is calling for over 20,000 billion VND in investment for three key transportation projects. These projects, envisioned as public-private partnerships (PPPs), aim to progressively enhance the region's infrastructure network, strengthen regional connectivity, and drive socioeconomic development.

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The People’s Committee of Phu Tho Province has recently issued Decision No. 41, approving the supplementary list of investment projects. Notably, three large-scale transportation infrastructure projects are included, with a total estimated investment of over VND 20,000 billion.

The Viet Tri – Hoa Binh Expressway, spanning approximately 56km.

The largest project is the Viet Tri – Hoa Binh Expressway, stretching about 56km through various localities such as Phung Nguyen, Tam Nong, Dao Xa, Thanh Son, Thanh Thuy, Cu Dong, Tuy Son, and Tan Hoa. This route plays a crucial role in connecting the Noi Bai – Lao Cai Expressway with the Hoa Binh – Son La Expressway, thereby enhancing the inter-regional transportation network in the northern midlands and mountainous areas.

With an estimated investment of approximately VND 15,300 billion, the expressway is expected to reduce travel time, ensure traffic safety, and foster economic, tourism, and service development along its corridor upon completion.

The second project involves the construction of the Hai Ba Trung Bridge across the Lo River and a connecting road to the Noi Bai – Lao Cai Expressway at IC6 junction, with an estimated investment of around VND 3,300 billion. The project will be implemented in Viet Tri Ward and Tien Lu, Son Dong communes.

According to the Phu Tho Provincial People’s Committee, the Hai Ba Trung Bridge will not only complete the inter-provincial transportation system but also establish a vital connection axis between the provincial center and neighboring areas, laying the groundwork for urban and economic development along the Lo River.

The third project is the second phase of Ring Road 4, from Binh Xuyen to Vinh Tuong (former Vinh Phuc), covering approximately 18.2km with a road width ranging from 36m to 50m. The estimated investment is around VND 2,000 billion. This project is anticipated to alleviate traffic congestion on existing routes and enhance inter-regional connectivity between Phu Tho and its neighboring provinces.

The Phu Tho Provincial People’s Committee has designated the project proposing units as the primary contact points for interested organizations and individuals. Additionally, the Provincial Investment Promotion and Business Support Center is tasked with collaborating with relevant agencies to actively attract investment resources and facilitate procedures, ensuring readiness for project implementation upon investor registration.

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