VEC is the governing body implementing the investment in expanding the Yen Bai - Lao Cai expressway section.

(Chinhphu.vn) - The Government Office has just issued Document 624/TTg-CN dated May 30, 2025 conveying the opinion of Deputy Prime Minister Tran Hong Ha on investing in expanding the Yen Bai - Lao Cai section of the Noi Bai - Lao Cai expressway (Project).

Strive to complete the Yen Bai - Lao Cai section expansion construction project in 2026 (illustrative photo).

Specifically, Deputy Prime Minister Tran Hong Ha agreed with the proposal of the Ministry of Construction and the opinion of the Ministry of Finance on assigning the Vietnam Expressway Corporation (VEC) as the competent authority to implement the investment project to expand the Yen Bai - Lao Cai section of the Noi Bai - Lao Cai expressway according to the provisions of the law on public investment.

VEC is responsible for the enterprise's production and business investment plan, implementing the Project investment to ensure progress, quality, efficiency, and to avoid negativity and waste.

The Deputy Prime Minister assigned the Ministry of Finance to propose allocating state budget capital to participate in the Project investment (about VND 1,555 billion) in the medium-term public investment plan for the period 2026-2030, report to competent authorities for consideration and decision; direct VEC to review and calculate the specific financial plan of the Project and organize implementation, ensuring construction starts in 2025, and basically complete the Project in 2026.

The Ministry of Construction closely coordinates with the Ministry of Finance, VEC and relevant agencies in the process of implementing the Project in accordance with the provisions of law.

* According to the road network planning for the period 2021 - 2030, with a vision to 2050, the Noi Bai - Lao Cai expressway has been determined to be 264 km long and have 6 lanes.

Currently, the Noi Bai - Lao Cai expressway, 245 km long, has been invested by VEC and has been operating toll collection since 2014. Up to now, the expressway has been operating for over 10 years, with the Yen Bai - Lao Cai section currently operating with a scale of 2 lanes, without a median strip, limiting traffic capacity.

Because the Noi Bai - Yen Bai section already has 4 complete expressway lanes, VEC proposed to invest in expanding the Yen Bai - Lao Cai section (about 83 km) to 4 lanes for synchronous exploitation.

Phuong Nhi

Source: https://baochinhphu.vn/vec-la-co-quan-chu-quan-thuc-hien-dau-tu-mo-rong-cao-toc-doan-yen-bai-lao-cai-102250530164741496.htm