Vietnam to build 4,000 kilometers of expressways for $36 billion
09 June, 2021
The federal government of Vietnam will build 4,000 kilometers of expressways within the ten-year development arrange for 2021 to 2030 of the country’s ministry of transport, localized news outlets reported.
The work will be performed under a private-public partnership model in the united states by 2030 and would enhance the nationwide expressway network, with the expenses of the proposed projects reaching up to 825 trillion dong ($36 billion).
Vietnam’s Primary Minister Pham Minh Chinh needed “balanced investment” among regions especially in the Mekong delta, in the northwest, the central highlands and the southern central region, in addition to the major economic zones.
Major projects in the united states
The major projects are the North-South Expressway with a complete amount of 3.262 kilometers, the Northern Expressway network at 1.099 kilometers, the Central and Highland Area Expressway with a complete length of 264 kilometers and the Southern Expressway Network at 984 kilometers.
In addition are two ring road systems for the key cities of Hanoi and Ho Chi Minh City with a total length of 264 kilometers.
Some 1,800 kilometers of the projects have already been built. Plans happen to be to expand the expressway network, which includes either four or six lanes, to a complete of more than 9,000 kilometers by 2050.
Legal framework for private investment
The Vietnam government has said it could not be able to shoulder the entire costs for the mega-projects due to spending budget constraints and is seeking to attract private investment finance. Thus, it has place itself the “utmost concern” to finalise a solid legal framework for private-public partnerships.
Within its ambitious transport infrastructure development, Vietnam also ideas to purchase urban railway routes in key cities. Overall, the costs for 16 urban railway routes in Hanoi and Ho Chi Minh City has been establish at up to $80 billion, like the metro and subway lines presently under engineering in both cities.
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