The Hanoi People’s Committee has issued Plan No. 235/KH-UBND, with three criteria to implement government Resolution No. 48/NQ-CP dated April 5, 2022 on “Strengthening traffic order and safety and preventing traffic congestion in the 2022-2025 period” in the capital.
Under its plan on traffic and traffic safety in the 2022-2025 period, Hanoi will continue to expand its public transport network and limit the number of private vehicles on the road to ease congestion and curb environmental pollution. By 2025, public transport is to meet 30-35 per cent of travel needs.
A number of highway projects with significant investment are not catering to the expected level of traffic, with build-operate-transfer (BOT) toll booths being in the wrong location and Covid-19 among the reasons investors are concerned about returns.
After many delays, an ODA project connecting traffic in the three provinces of Lai Chau, Lao Cai, and Yen Bai with the Noi Bai - Lao Cai Highway will begin construction in October. The project is funded by the Asian Development Bank and the Australian Government, with total capital of VND5.34 trillion ($233.44 million).
Vietnam’s national railway network will expand over the next decade and maintain links between localities and regions and with international railway networks. The nine new routes to be built are all key traffic axes and will bring the total length of the network to 4,871 km. By 2030, the railway network will need total investment capital of VND240 trillion ($10.46 billion) and a land fund of 5,686 ha.
Investment capital from the State budget to develop inland waterway infrastructure has remained quite low over the last five years, at just 1.5-2.5 per cent of the total for the endeavor.
Covid-19 has become more serious in Vietnam and affected trade in goods. Businesses and workers alike are wary of future risks if the situation does not improve.
