- News in Vietnam
- 27 September 2021
25 road projects are expected to prioritize investment before 2030
The proposed national important road projects include the North-South Expressway, the belt 3-4 in Ho Chi Minh City, and the belt 4-5 in Hanoi.
On August 20, a representative of the Ministry of Transport said that he had just submitted a draft road network plan for the period 2021 – 2030, with a vision to 2050.
In which the Ministry provides a list of critical national projects. It included the North-South Expressway in the east from Lang Son to Ca Mau; expressways connected the northern region, the central region with the Central Highlands, the Southeast region, and the Mekong River Delta; Ring roads of Hanoi and Ho Chi Minh City.
Twenty-five important projects are arranged in priority, including the North-South expressway (4 sections), namely Bai Vot-Cam Lo; Hoa Lien – Tuy Loan; Quang Ngai – Nha Trang; Can Tho – Ca Mau.
By 2030, Vietnam will form a system of highways connecting economic and political centers, critical economic regions, international gateway seaports and airports, and significant international border gates having a tremendous demand for import and export of goods, special-class, and grade-I cities; convenient connection of national highways to seaports of class II, international airports, large inland waterway ports, and major railway stations.
It is expected that the road network investment capital by 2030 will be about 900,000 billion VND, accounting for 48% of the investment capital demand of the whole industry.
The Ministry of Transport has determined that it will prioritize the state budget to support investment projects in the form of public-private partnerships as prime capital, investing in projects that cannot attract non-budget capital, projects in disadvantaged areas which will revise many mechanisms and policies to mobilize people’s resources and shorten infrastructure investment progress.
Prof. Dr. Tran Chung, Chairman of the Vietnam Association of Road Traffic Construction Investors (VARSI), said the State should have a breakthrough mechanism and prioritize resources to develop transport infrastructure. No transport infrastructure projects have been implemented in the past five years because investors depend on credit capital, while banks limit infrastructure projects.