70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Construction
Vietnam starts building 3 national expressway sub-projects worth US$1.6 billion
Hai Yen 08:46, 2020/10/01
Vietnam is determined to have the best transportation system to serve the country’s goal of industrialization and modernization, Prime Minister Nguyen Xuan Phuc has said.

The Ministry of Transport on September 30 held a ground-breaking ceremony for three sub-projects under the Eastern North-South Expressway project.

 Prime Minister Nguyen Xuan Phuc speaks at the ground-breaking ceremony. Source: VGP. 

These sub-projects consist of sections of Mai Son – National Highway No.45  (Thanh Hoa province), Vinh Hao – Phan Thiet (Binh Thuan province), and Phan Thiet – Dau Giay (Dong Nai province) with a combined investment capital of VND37 trillion (US$1.6 billion).

All three were previously subject for change in the financing format from the Public-Private Partnership (PPP) to public investment, scheduled for completion by late 2022.

Vice Minister of Transport Nguyen Ngoc Dong said once completed, the North-South expressway would address shortcomings of the National Highway No.1 which runs in parallel with the new ones. Specifically, the existing National Highway only allows an average speed of around 40 – 60 kilometers per hour due to residential areas on the roadsides, while the use of mixed lanes also poses risk of traffic accident.

Meanwhile, the new highway is designed to have a speed limit of 80 – 120 kilometers per hour with opposite lanes devided to ensure higher speed for vehicles.

According to Mr. Dong, the construction of the North-South expressway would help better connect economic zones to support economic growth.

 Overview of the ground-breaking ceremony. Source: VGP. 

The Eastern North-South expressway project, which is of national priority for investment in the 2017 – 2020 period, includes 11 sub-projects with a total length of 654 kilometers running through 13 provinces and cities worth US$100.81 trillion (US$4.32 billion), including VND78.46 trillion (US$3.36 billion) from the state budget to be pumped into six state-funded projects.

Prime Minister Nguyen Xuan Phuc said once the entire project is completed, Vietnam would have 2,000 kilometers of expressways, the figure would be at least 5,000 kilometers by 2025 for the national road network stretching from the northern province of Lang Son to the southernmost province of Ca Mau.

Mr. Phuc suggested transportation is essential for development, and Vietnam is determined to have the best transportation system to serve the country’s goal of industrialization and modernization.

The PM also noted the government would not only invest in road transportation, but also other transportation modes, especially in upgrading the current obsolete railway network.

With the Eastern North-South expressway included, the country would have four major trans-Vietnam roads, including National highway No.1, Ho Chi Minh highway, and coastal highway. 

RELATED NEWS
TAG: Vietnam Prime Minister Nguyen Xuan Phuc Highway expressway North-South PPP Public investment
Other news
15:34, 2024/04/16
Hanoi to build 14 urban railway lines
The city will replace the Kim Ma – Yen Nghia Bus Rapid Transit (BRT) line with an urban railway.
15:38, 2024/03/27
Hanoi People’s Council set to ratify capital planning until 2045 in late March
The planning project is expected to not only help alleviate population density in the inner city area but also serve as a driving force for the sustainable development of the capital city, namely the city-within-a-city model.
05:08, 2024/03/08
Hanoi aims to complete An Duong – Thanh Nien overpass in June
The project is important for easing traffic congestion in the capital.
17:14, 2024/02/29
Hanoi nears start of construction on US$660-million Tran Hung Dao Bridge project
Construction is scheduled to take two years, with an anticipated completion date in 2027.
22:37, 2024/02/27
Hanoi creates favorable conditions for Turkish businesses
Major Turkish conglomerate IC & Holding expressed its desire to invest in large-scale transport infrastructure projects in Hanoi.
07:27, 2024/02/27
Transforming Thien Quang Lake: Central hub for community connectivity
The objective is to enhance the urban landscape and upgrade existing public amenities, creating versatile cultural and artistic spaces with modern facilities to improve the quality of life and attract visitors.