April 12, 2017 | 21:23 (GMT+7)
Over VND 140 trillion for North-South Expressway’s first phase
More than VND 140 trillion (USD 6.2 billion) will be used for the first phase construction of the North-South Expressway linking Hanoi and Ho Chi Minh City.
The State will fund about VND 55 trillion (USD 2.4 billion) for the 684 kilometer road in the first phase, which will be carried out from 2017-2022.
A section of the HCM City-Long Thanh-Dau Giay Expressway. Photo: sggp.org.vn
Four-lane roads with 17 meters in width will be built for Mai Son (Ninh Binh) - Bai Vot (Ha Tinh) and Cam Lam (Khanh Hoa) - Phan Thiet (Binh Thuan) sections under the public-private partnership (PPP) form and Cam Lo (Quang Tri) - La Son section (Thua Thien-Hue) under the build-transfer (BT) form.
The Phan Thiet (Binh Thuan) - Dau Giay (Dong Nai) section will also have four lanes, 25 meters in width and be constructed under the PPP form.
About 688 kilometers of roads are expected to be built in the second phase from 2023-2028 at a cost of more than VND 103 trillion (USD 4.5 billion).
The construction of the third phase will be carried out after 2028 with investment of over VND 69 trillion (USD 3.04 billion).
Source: VNA