World Bank (WB) representatives held a working session with authorities of the northern province of Thai Binh on March 4 to explore the possibility of funding a coastal road linking Thai Binh with the provinces of Nam Dinh, Hai Phong and Quang Ninh.

The 44.5km road, built at an estimated cost of VND 5.7 trillion (USD 259 million) is expected to ramp up transport infrastructure and shorten travelling time from Thai Binh to international seaports, airports and coastal economic zones.

A fact-finding trip to Tien Hai district

Scheduled for 2016 and 2017, the road runs through Thai Binh’s Thai Thuy and Tien Hai districts. It is considered to be crucial to Thai Binh’s economic development, particularly in the marine-based economy and service industry.

The road is part of the third trans-Vietnam route after National Highway 1 and the Ho Chi Minh route which stretches over 3,000km from north to south.

Chairman of the provincial People’s Committee Nguyen Hong Dien hoped that the WB will add the project to its list of funding recipients for the next five years.

Earlier in the morning, the WB delegation made a fact-finding trip to Tien Hai and Thai Thuy districts.

Source: VNA