The Ministry of Transport’s proposal to construct two expressways in Vietnam has been approved by Prime Minister Pham Minh Chinh.
The first expressway will be located in northern Vietnam and will span approximately 88 kilometers through the provinces of Ninh Binh, Nam Dinh, and Thai Binh. The second expressway, measuring 129 kilometers, will connect Gia Nghia City in the Central Highlands province of Dak Nong with Chon Thanh District in Binh Phuoc Province.
Minister of Transport Nguyen Van Thang emphasized the need for these projects to bolster traffic infrastructure and promote socioeconomic growth in the regions.
The meeting also agreed to construct a 26-kilometer expressway section in Ninh Binh using public capital and assign the province to oversee construction. Thai Binh will be responsible for the 62-kilometer Nam Dinh-Thai Binh section, which will be built using a public-private partnership (PPP) format. Similarly, the Gia Nghia-Chon Thanh expressway project will follow the PPP format, with the government of Binh Phuoc taking charge of the project.
At the meeting, representatives discussed plans related to road scale, site clearance, projected traffic volume, financial estimates, and the possibility of attracting private investors.
PM Chinh emphasized the importance of interregional expressways in the growth potential of Nam Dinh, Thai Binh, and Binh Phuoc. He suggested the PPP format for investment, using central and local budgets and capital backed by businesses in accordance with regulations.
The Government leader demanded that the expressways have four complete lanes and a revision in their total investments.