Transport Ministry announces eight PPP projects

VGP – Minister of Transport Nguyen Van The has signed a Decision announcing the portfolio of component projects constructing certain segments of the eastern North-South Highway in the 2017-2020 period.

December 27, 2017 4:31 PM GMT+7

Illustration photo

Accordingly, eight projects will be invested in form of Public-Private Partnership (PPP) with the total investment of around VND104,079 billion (the State capital of VND40,362 billion).

These highways include Mai Son (Ninh Binh)-No.45 Highway (Thanh Hoa), No.45 Highway-Nghi Son (Thanh Hoa), Nghi Son-Dien Chau (Nghe An), Dien Chau-Bai Vot(Ha Tinh), Nha Trang-Cam Lam (Khanh Hoa), Cam Lam-Vinh Hao (Binh Thuan), Vinh Hao-Phan Thiet(Binh Thuan) and Phan Thiet-Dau Giay (Dong Nai).

Among these eight projects, the highest-invested highway connecting Phan Thiet-Dau Giay (98 km) is worth VND19,571 billion (the State capital of VND5,551 billion) and the lowest one connecting Nha Trang-Cam Lam (29 km) is valued at VND5,131 billion (the State capital of VND2,532 billion).

These projects will meet the transportation demand at some urgent segments, building the eastern North-South Highway with high capacity, safety, and high speed way.

These projects will connect political-economic centers, especially three major economic zones, economic parks, and industrial parks, contributing to the completion of a synchronous infrastructure system, the promotion of socioeconomic development, ensuring national defense-security, and improving economic competitiveness.

These projects have started preparations since earlier this year and are expected to be finished by 2021.

By Thuy Dung