Vietnam to develop 1,370km cross-nation expressway at $13bn

Tuoi Tre News

Updated : 05/27/2017 11:05 GMT + 7

Vietnam’s Prime Minister Nguyen Xuan Phuc has selected the official proposal for a colossal project to develop an expressway that runs from north to south.

The selected proposal, prepared by the Ministry of Transport and which has been open for feedback from state agencies, aims to develop 1,372 kilometers of expressway from now to 2025, with a hefty investment of VND314.1 trillion (US$13.84 billion).

The development plan selected by the Vietnamese premier on Friday will be improved and finalized before the government reports it to the lawmaking National Assembly.

According to the proposal, the north to south expressway will include a 1,622km stretch from the Huu Nghi Pass in the northern Lang Son Province to Dau Giay Town in the southern Dong Nai Province, which borders Ho Chi Minh City. This section will be connected with an existing expressway from Dau Giay to the Mekong Delta city of Can Tho.

Of the 1,622km highway, 123km has been completed while another section of 127km is being constructed. The remainder 1,372km will be constructed with four to six lanes, varying between localities where the highway crosses.

Colossal project

The whole project is divided into two main phases with the first one scheduled for the 2017-25 period, and the second one, from 2025 onwards.

The first phase is expected to include two sub-phases with the first one running from 2017 to 2020. During this period, 632km of new road will be constructed and 81km of the current expressway will be expanded.

The estimated cost for this first sub-phase is VND130 trillion (US$5.72 billion), of which VND55 trillion ($2.42 billion) is contributed by the government and the remaining capital is drawn from the private sector.

During the second sub-phase from 2021 to 2025, the country is expected to develop another 659km of expressway, estimated to cost VND113 trillion ($4.97 billion), of which the government will contribute VND57 trillion (US$2.63 billion).

The second main phase starting from 2025 with a vision to 2030 includes expansion of various parts of the highway with a budget of VND69 trillion (US$3 billion).

The complete expressway that runs across the nation will span 1,372 kilometers, with investment totaling VND314.1 trillion.

The PM-backed proposal will be reviewed before being submitted for legislature’s approval during the third session of the National Assembly, running from May 22 to June 20, Deputy Minister of Transport Nguyen Nhat told Tuoi Tre (Youth) newspaper.

If approved by the National Assembly, the construction of the new north to south expressway will help connect various socioeconomic centers between the capital and the southern metropolis and reduce traffic pressure on the current National Highway No. 1.

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This entry was posted in Hạ tầng giao thông - Transport infrastructures, Infrastructure investments - Đầu tư vào Kết cấu hạ tầng, Kết cấu hạ tầng - Infastructures, Đường bộ - Highways and roads and tagged , , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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