Vietnam to build 4,000 kilometers of expressways for $36 billion

The new Hanoi-Hai Phong expressway

The government of Vietnam will build 4,000 kilometers of expressways as part of the ten-year development plan for 2021 to 2030 of the country’s ministry of transport, local news outlets reported.

The work would be done under a private-public partnership model across the country by 2030 and would enhance the national expressway network, with the costs of the proposed projects reaching up to 825 trillion dong ($36 billion).

Vietnam’s Prime Minister Pham Minh Chinh called for “balanced investment” among regions especially in the Mekong delta, in the northwest, the central highlands and the south central region, as well as the major economic zones.

Major projects across the country

The major projects are the North-South Expressway with a total length of 3.262 kilometers, the Northern Expressway network at 1.099 kilometers, the Central and Highland Region Expressway with a total length of 264 kilometers and the Southern Expressway Network at 984 kilometers.

Adding to that are two ring road systems for the main cities of Hanoi and Ho Chi Minh City with a total length of 264 kilometers.

Some 1,800 kilometers of these projects have already been built. Plans are to expand the expressway network, which has either four or six lanes, to a total of more than 9,000 kilometers by 2050.

Legal framework for private investment

The Vietnam government has said it would not be able to shoulder the entire costs for the mega-projects due to budget constraints and is seeking to attract private investment capital. Thus, it has set itself the “utmost priority” to finalise a solid legal framework for private-public partnerships.

As part of its ambitious transport infrastructure development, Vietnam also plans to invest in urban railway routes in major cities. Overall, the costs for 16 urban railway routes in Hanoi and Ho Chi Minh City has been set at up to $80 billion, including the metro and subway lines currently under construction in both cities.



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The new Hanoi-Hai Phong expressway The government of Vietnam will build 4,000 kilometers of expressways as part of the ten-year development plan for 2021 to 2030 of the country’s ministry of transport, local news outlets reported. The work would be done under a private-public partnership model across the country by 2030 and would enhance the national expressway network, with the costs of the proposed projects reaching up to 825 trillion dong ($36 billion). Vietnam's Prime Minister Pham Minh Chinh called for “balanced investment” among regions especially in the Mekong delta, in the northwest, the central highlands and the south central...

The new Hanoi-Hai Phong expressway

The government of Vietnam will build 4,000 kilometers of expressways as part of the ten-year development plan for 2021 to 2030 of the country’s ministry of transport, local news outlets reported.

The work would be done under a private-public partnership model across the country by 2030 and would enhance the national expressway network, with the costs of the proposed projects reaching up to 825 trillion dong ($36 billion).

Vietnam’s Prime Minister Pham Minh Chinh called for “balanced investment” among regions especially in the Mekong delta, in the northwest, the central highlands and the south central region, as well as the major economic zones.

Major projects across the country

The major projects are the North-South Expressway with a total length of 3.262 kilometers, the Northern Expressway network at 1.099 kilometers, the Central and Highland Region Expressway with a total length of 264 kilometers and the Southern Expressway Network at 984 kilometers.

Adding to that are two ring road systems for the main cities of Hanoi and Ho Chi Minh City with a total length of 264 kilometers.

Some 1,800 kilometers of these projects have already been built. Plans are to expand the expressway network, which has either four or six lanes, to a total of more than 9,000 kilometers by 2050.

Legal framework for private investment

The Vietnam government has said it would not be able to shoulder the entire costs for the mega-projects due to budget constraints and is seeking to attract private investment capital. Thus, it has set itself the “utmost priority” to finalise a solid legal framework for private-public partnerships.

As part of its ambitious transport infrastructure development, Vietnam also plans to invest in urban railway routes in major cities. Overall, the costs for 16 urban railway routes in Hanoi and Ho Chi Minh City has been set at up to $80 billion, including the metro and subway lines currently under construction in both cities.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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