Saigoneer

BackSociety » Development » North-South Expressway Project Is Vietnam's Top Priority in 2019: Transport Minister

North-South Expressway Project Is Vietnam's Top Priority in 2019: Transport Minister

The construction is expected to be completed by 2025.

According to VnExpress, in 2019, Vietnam's top priorities include 11 components of the North-South Expressway, three of which are publicly funded and the rest will be funded through a private-public partnership deal.

Nguyen Van The, the Minister of Transport, said that construction on two public-funded projects will kick off in the second quarter of this year. They include Nam Dinh Province's Cao Bo–Mai Son Expressway, Quang Tri and Thua Thien-Hue provinces' Cam Lo–La Son Expressway. The third public-funded project, My Thuan 2 Bridge in the Mekong Delta, will go through the contractor selection process in the last quarter of the year.

The ministry will also start the bidding process for eight projects that fall under the public-private funding model in October. The process is expected to be finalized in April 2020 at the earliest.

"We want to finish the selection of contractors this year so that work can begin next year and in 2021," said The, adding that the ministry will set out VND7 trillion from the VND14 trillion it has raised from bond issuance to fund land clearance and aims to acquire all the required lands by next year.

[Photo via Ministry of Transport website]


Related Articles:

Vietnam Hopes to Finish 2,000-Kilometer North-South Expressway in 2025

Vietnam Approves Additional Funding for Saigon's Metro Line 1, 2

Saigon-Phnom Penh Expressway Project Moves Forward


Related Articles

in Development

$2bn Thu Thiem Eco Smart City Set to Break Ground This Year

A week after the city unveiled Thu Thiem Empire City, a project that will include Vietnam’s tallest building, a group of Asian developers have announced that they will break ground on its neighbor, th...

in Development

'Cable Car' Tourism Developer FLC Group Wants to Build a Mega-Resort in Quang Ngai

Experts and locals have voiced concerns over the impact a proposed mega-resort on the coast in Quang Ngai Province may have on the environment and the local community.

in Development

15 Projects That Will Change Saigon Forever: Part 1

The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a n...

in Development

15 Projects That Will Change Saigon Forever: Part 2

The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a new ad...

in Development

15 Projects That Will Change Saigon Forever: Part 3

The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a new ad...

in Development

2.5 House: A Modest Dream Home in a Tan Binh Alley

Given the expenditure often required to build out a well-designed home, most of those featured on Saigoneer are anything but modest. That’s why we were particularly stoked to come across this small bu...

Video »

BUDX HCMC