Vietnam parliament approves the use of state budget for North-South expressway sections

	National Assembly discussed socio-economic and state budget issues on June 15
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A section of the Da Nang - Quang Ngai Expressway which will be connected to the North-South Expressway (Photo: VnExpress)

Vietnam parliament has approved the use of state budget for three North-South Expressway sections, urging on public-private-partnership investment for the remaining five, according to VnExpress.

The two sections that need to be completed on a priority bases are the 63-kilometer Mai Son – National Road 45 section which connects the northern province of Ninh Binh with the central province of Thanh Hoa; and the 98-kilometer Phan Thiet – Dau Giay section which connects Binh Thuan with southern Dong Nai Province.

The remaining five sections of the North-South Expressway will continue to be deployed under the public-private partnership (PPP) model. The National Assembly will re-examine the investment format if the government cannot find other investors for them.

Sections of North-South Expressway (Photo: Hanoitimes)

The eight sections are part of a total of 11 to build the 654-kilometer eastern cluster of the North-South Expressway.

Besides the VND55 trillion (US$2.35 billion) already allocated for the Eastern North – South project, the NA has also approved an additional funding of VND23.46 trillion (US$1 billion) from the state budget for the building of three sub-projects.

The NA made a request to the government to make sure of the accuracy and rationality of total investment capital of these projects, scheduled to complete by the end of 2022 at the latest.

A section running through Tan An city (Long An province) of Ho Chi Minh City-Trung Luong Expressway, part of the North-South Expressway (Photo: VNA)

Due to these changes, the total investment capital of the expressway project has now increased to VND100.81 trillion (US$4.32 billion), including VND78.46 trillion (US$3.36 billion) from the state budget to be pumped into six state-funded projects.

North-South Expressway: Public investment to reduce cost by USD 800 million Using the state budget for building eight North-South Expressway sections could cut interest expenses alone by VND19.2 trillion ($823 million) over private investment.

Vietnam North-South Expressway let put out to tender Minister of Transport Nguyen Van The said on April 14 that the component projects of Vietnam North-South Expressway will be put out to bid.

Quang Ninh province to build Van Don-Mong Cai expressway The north-eastern province of Quang Ninh has signed a contract to build the Van Don-Mong Cai Expressway at a total cost of over VND11 trillion ...