Chủ đề: highway

The three North-South Expressway public-private partnership (PPP) projects are proceeding slowly due to tardy access to credit. The Ministry of Transport will handle contract violations if investors and project enterprises do not raise enough funds to implement projects.

Project Management Board 6 has sought the National Assembly (NA)’s consideration and decision on investment in the Khanh Hoa - Buon Ma Thuot Highway. The route is 118 km in length and has estimated investment of over VND17 trillion ($752.99 million) from the State budget, and will connect two political and socio-economic centers in the south-central region and central highlands.

Eighty-five per cent of the 51.5-km Trung Luong - My Thuan Highway, linking Tien Giang and Vinh Long provinces in the Mekong Delta, has been built, and the remaining 10 km will be completed in November. The highway is expected to open in time for the Lunar New Year (Tet) holiday in early February.

Northern Tuyen Quang province has proposed investment in the Ha Giang - Tuyen Quang Expressway, with a length of 165 km, before 2030, to complete an expressway from Hanoi to Ha Giang. Total investment in the first phase is expected to be nearly VND7 trillion ($307.15 million).

Vietnam’s road network development strategy to 2030 needs an estimated VND900 trillion ($39.47 billion), but in reality the figure may be as high as VND1.5-1.7 quadrillion ($65.78-74.56 billion), according to experts. The opportunity also remains to exploit other sources of capital, such as foreign investment, other than only relying on bank loans.

The My Thuan Project Management Board has asked the Ministry of Transport (MoT) to review a proposal to build the Can Tho - Ca Mau Highway, which has total investment of VND41.9 trillion ($1.82 billion). The highway will stretch 124.8 km and pass through six provinces. Construction will be completed in two phases, between now and 2025.

The Dak Lak Provincial People’s Committee in the central highlands has proposed the central government provide support of VND10 trillion ($433.7 million) out of total investment of VND19.5 trillion ($846.5 million) for the construction of the Buon Ma Thuot - Nha Trang Highway during the 2021-2030 period.